WASHINGTON, DC — Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $111 million sale of and arranged acquisition financing for Liaison Washington Capitol Hill, a 343-room hotel in the Capitol Hill submarket of Washington, D.C. HFF marketed the property on behalf of the seller, Pebblebrook Hotel Trust. A partnership between Metrovest Equities Inc. and BLDG Management purchased the hotel unencumbered of existing brand and management. Additionally, working on behalf of the partnership, HFF placed a 75% loan-to-cost floating-rate bridge loan with a major life insurance company. The hotel is at 415 New Jersey Ave. and is the closest hotel to the United States Capitol building. Additionally, it is within walking distance of Union Station, the National Mall, Georgetown University Law Center and the Walter E. Convention Center and nearly 150 million s/f of office space and 100 embassies.
Peek & Vazifdar lead advisory team