Listing Agents
Omari Head
T | 410.406.7259
ohead@paramountlodging.com
Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the full-service Washington D.C. Area Hotel situated approximately eight miles from Washington, D.C
- The Subject Hotel is being offered unencumbered of debt and management
- Property is offered at a substantial discount to replacement cost in the high barrier to entry Washington D.C. MSA
- Ability to retain the existing flag for a new long-term license upon completion of the change of ownership PIP
- Opportunity to convert to Upscale, or Upper upscale brands within Hyatt, Hilton or Choice
- Substantial operational upside in purchasing the asset, transitioning operations from current ownership, completing the PIP and repositioning the asset
- The Subject Hotel encompasses over five acres of land
- Property is situated proximate to Interstate-95 with over 200,000 vehicles passing the location daily
- Readily accessible to Baltimore/Washington International Thurgood Marshall Airport and the Ronald Reagan Washington National Airport – supporting 47MM passengers annually
- Readily accessible to all core local and regional demand including The White House, the US Capitol, Joint Base Andrews, FedEx Field, Interstate-95 & Interstate-495, and greater Washington DC’
- Situated in the sixth largest MSA of Washington-Arlington-Alexandria with a total population of approx. 6.3M people