The buyer expects to benefit from its upcoming renovations and convenient location within Alexandria's largest retail and entertainment center.
McLean, VA (PRWEB) June 16, 2015
Savills Studley’s Capital Markets National Hospitality Group, led by Marc Magazine, Tom Baker, Justin Magazine and Vikram Shah, advised Land of Opportunity, LLC and Hoffman Family, LLC on the sale of the Holiday Inn at Hoffman Town Center in Alexandria, VA to Alexandria, VA Hotel Partners, LLC.
The new owner is planning a comprehensive renovation of the currently closed 197-room Holiday Inn.
“The buyer expects to benefit from its upcoming renovations and convenient location within Alexandria's largest retail and entertainment center,” said Marc Magazine, Executive Managing Director of Savills Studley’s Hotel Group. “Hoffman Town Center is adjacent to the Eisenhower Avenue Metro Station and in close proximity to the U.S. Patent and Trademark Office campus and U.S. Federal District Courthouse.” The center is also to be the new home of the National Science Foundation.
Brendon Owen of Newmark worked with the Savills Studley team in representing seller.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 27 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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