Berkadia Arranges $30M Sale of Virginia Hotel Portfolio
Berkadia has arranged the $30 million sale of Embassy Suites and Homewood Suites Dulles North, a 244-room suites product dual-brand property in Ashburn, VA.
Located at 44610 and 44620 Waxpool Road, the Embassy Suites and Homewood Suites hotels offer both single rooms and suites. Amenities include an outdoor pool, fitness center, on-site restaurant, complimentary airport shuttle, pet friendly rooms and flexible meeting space. The dual brand property is located three miles north of Washington Dulles International Airport and is a 30-minute drive from Washington D.C.
Dan Hawkins, John Testerman and John Kluh of Berkadia Hotels & Hospitality represented the seller, The Buccini/Pollin Group, in the transaction. The buyer was not disclosed. The deal closed May 28.
- ◦Sale/Acquisition