The property, built in 2008, was purchased by Guests, Inc., based in Strasburg, Virginia, from Highlands of Warrenton LLC, based in Warrenton, Virginia.
JLL’s Hotels & Hospitality group led sales efforts for properties near major universities in Alabama and Virginia
JLL Hotels & Hospitality Group announced today that it arranged the sale of the Hampton Inn & Suites Fredericksburg South, a 121-key hotel in Fredericksburg, Virginia.
Located on Main Street adjacent to the University of Virginia and the UVA Medical Center, the hotel will undergo a comprehensive upgrade to all hotel guestrooms and suites, public areas, and meeting spaces.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia, for a purchase price of approximately $7 million, or $125,000 per key.
This purchase represents the seventh major transaction for Excel Group over the past twelve months, representing a total transaction volume of over $170 million.
MCR has acquired the 140-room SpringHill Suites Fairfax Fair Oaks in Northern Virginia, which received a $1.4 million top to bottom renovation last year.
Ashford Trust announced that it has signed a definitive agreement to acquire the 252-room Hilton Alexandria Old Town located in Alexandria, Virginia, for total consideration of $111 million.
The hotel/conference center is situated on the Chesapeake Bay on a 3.6-acre site and includes 263,328 square feet with 295 suites.
MCR today announced that it has acquired the 136-room SpringHill Suites by Marriott Richmond North Glen Allen located in Glen Allen, VA, for $10.85 million. The property is located at the intersection of I-295 and I-95, with close proximity to major distribution hubs and corporate office parks.