Arlington, VA - Hodges Ward Elliott (“HWE”) has represented HEI Hotels & Resorts (“HEI”) in the sale of the Le Méridien Arlington hotel. Built in 2008, the property was converted to the Le Méridien brand in 2012 after being acquired by HEI. Carey Watermark Investors 2, Incorporated, a non-traded real estate investment trust acquired the Le Méridien Arlington.
The hotel includes 154 guestrooms, 9,300 square feet of indoor and outdoor event/meeting space, a full-service restaurant and lounge, business center and fitness center. The hotel is part of a mixed-use development which includes 621,000 square feet of Class A office space, and 136 residential units as well as the 154-room Le Méridien.
Centrally located in the urban village of Rosslyn, a submarket of Arlington, VA, across the river from Georgetown, the property is in close proximity to top destinations in the Washington, DC area. Following the sale, the hotel will continue to be operated by HEI.
HWE is the leading hotel brokerage and investment-banking firm in the country providing total capital solutions, including hotel sales, recapitalizations and debt placement for our clients. Over the past 5 years, HWE has sold or financed more than $19 billion of hotels and resorts across the U.S. including more than $6.1 billion in the past 18 months.