JLL’s Hotels & Hospitality group arranges sale of the 154-room Hampton Inn & Suites National Harbor/Alexandria Area, select-service hotel

SOLD: The 154-room, 11-story Hampton Inn
& Suites National Harbor/Alexandria
 Area in Maryland

 

WASHINGTON, DC, April 1, 2024 –  JLL’s Hotels & Hospitality group announced today that it arranged the sale of the 154-room Hampton Inn & Suites National Harbor/Alexandria Area in Maryland. The price was not disclosed.

 

JLL worked on behalf of the seller and procured the buyer.

 

 Ketan Patel

The select-service hotel is located at 250 Waterfront St., Oxon Hill. It occupies a coveted location immediately across the street from the submarket's primary demand generator, The Gaylord National Resort and Convention Center, which contains nearly 550,000 square feet of premier conference and event space. 

The 11-story hotel boasts all of Hilton’s amenity brand standards including digital key access, business center, fitness center, complimentary breakfast, free Wi-Fi as well as an indoor pool and meeting space.

National Harbor, situated just a short 15-minute drive from downtown DC, has rapidly established itself as a popular tourist spot.

Phil White 

The captivating sight of the Capital Wheel has become an unmistakable symbol for DC residents, easily recognizable from the banks of the Potomac River. Businesses situated within National Harbor enjoy exposure to a significant influx of visitors, with 15.2 million annual visitors in 2022 and a growing trend towards its usual average of nearly 20 million visitors.

The business-friendly environment of National Harbor fosters thriving hospitality, entertainment and retail sectors. These local attractions have not only attracted more annual visitors but also played a crucial role in stimulating the local economy and driving economic growth.

 Furthermore, the presence of other attractions in close proximity, such as the MGM National Harbor Casino, TopGolf, Tanger Outlets, Rosecroft Raceway and Old Town Alexandria, contribute to the enduring and robust demand for the submarket.

Capital Wheel 

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Ketan Patel and Directors Phil White and Vasilis Halakos.

 

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide.

 

The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

 

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

 

CONTACT:

 

Alli Stent

 

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750