15 Jan2019

Hunter Hotel Advisors Sticks the Landing for Hyatt Place Washington Dulles Airport East

Hunter Hotel Advisors announces the purchase of Hyatt Place Washington Dulles Airport East by Excel Group of Arlington, VA, from an institutional seller.

This 151-room property is conveniently located less than one mile from Dulles International Airport, and convenient to McLean, VA and Washington, DC. The incredible growth in this market, catalyzed by the $5 billion Dulles Corridor Metrorail Project, the 23 mile extension of the WMATA metro that is anticipated to open in 2020, has necessitated over 35 million square feet of  new mixed-use projects within a 5-mile radius of the Hyatt Place.

Shoham Amin, Founder & Principal of Excel Group, noted: “This acquisition is well aligned with our overall investment strategy of acquiring premium-branded select-service assets in strong markets. Excel selected this investment due to the market’s deep corporate base and the market’s significant growth potential with the opening of the Metro just seven minutes from the Hyatt Place.”

David Perrin, Vice President, Hunter Hotel Advisors, said: “Excel Group noticed this property as a perfect complement to their portfolio, and the acquisition will provide a growth driver as they look to the future.”

 “We congratulate the seller and Excel Group on this successful transaction. This is the 10th Hyatt property that the Hunter brokerage team handled in 2018, and we appreciate the value the Hyatt brand brings to their properties.” – Teague Hunter, President, Hunter Hotel Advisors.

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