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Washington DC & Mid-Atlantic  + DC Metro  + Hospitality  |  April 19, 2023
Emily Fu
By: Emily Fu

Barings Refis Marriott Hotel in Downtown DC for $102M 

Barings, a global investment manager, has provided a $101.5 million bridge loan to refinance the existing construction loan on the Courtyard/Residence Inn By Marriott Washington Downtown Convention Center, located in downtown DC.  

Located at 901 L St NW, the Hotel is a select-service dual-branded Marriott Hotel. Developed by Quadrangle Development Corporation and Capstone Development, LLC, the 11-story, 504 rooms hotel opened in November 2018.  

“Quadrangle is a leading full-service real estate developer and investor in the Washington, DC area, and we are excited to be partnering with them on this high-quality asset that is already exhibiting accelerated operational performance,” said Lisa Katz, managing director with Barings. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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