HREC Arranges $22M Sale of Embassy Suites Dulles Airport in Virginia
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Embassy Suites Dulles Airport Sells for $22.8M in Herndon
The Embassy Suites Dulles Airport in Herndon has a new owner after Ashford Hospitality Trust sold the 150-suite hotel for $22.8 million in gross cash consideration, with the sale closing August 24. The property is near Dulles Airport. According to SEC filings, seller Ashford Dulles LP — an indirect subsidiary of Ashford Hospitality Trust — completed the sale on August 24. The hotel at 13341 Woodland Park Road netted Ashford roughly $22.3 million…
HREC Arranges $22M Sale of Embassy Suites Dulles Airport in Virginia
HREC Investment Advisors arranged the sale of the 150-suite Embassy Suites Dulles Airport, situated at 13341 Woodland Park Road, Herndon, Virginia. Ashford Hospitality Trust, Inc. completed the sale of the hotel through its indirect subsidiary, Ashford Dulles LP. The hotel was sold for cash consideration of approximately $22.3 million, net of selling expenses, and the ...
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