LA investors pay $190M for DC-area hotel, plan mixed-used development

Nov.November 22, 2017 04:12 PM

The Key Bridge Marriott, which has overlooked Washington D.C. from Rosslyn, Va. since 1959, could soon be replaced by a major mixed-use development. A joint venture between Oaktree Capital and Woodridge Capital bought the 583-room hotel from Host Hotels & Resorts for $190 million. Current zoning regulations would allow for 630 residential units, 990 hotel rooms or 660,000 square feet of office space on the 5.5-acre site. [Bisnow]

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

REIT stocks fall amid global coronavirus concerns (Credit: Getty Images, iStock)

REITs take a hit amid growing coronavirus concerns

Renovations plans for the BQE would give nearby real estate a big boost, sources say. (Credit: Getty Images)

BQE project would yield Brooklyn real estate boon: locals

Morry Kalimian, Gene Kaufman and Bill de Blasio and a map of the Special Union Square District (Credit: Getty Images, Studio Scrivo, New York State Courts)

Hotel developer sues city over special permit plan

Daniel Goldstein of E&M Management

Multifamily landlord runs for mayor in Nassau County

Sizing up Cuomo’s Penn Station plan by the numbers

Sizing up Cuomo’s Penn Station plan by the numbers