Washington, D.C., September 6, 2025
News Summary
Newport Beach-based T2 Hospitality has purchased the Washington Marriott at Metro Center in downtown Washington, D.C., in a deal reported at roughly $127.99 million (recorded about $128 million). The full-service hotel, listed with 454–459 keys, works out to roughly $281,916 per key and offers about 13,000 square feet of event space. A major renovation was completed in May 2023. The seller was a subsidiary of Host Hotels & Resorts and the transaction included seller-provided financing recorded at about $114 million. The location’s transit access and nearby office development helped drive buyer interest.
T2 Hospitality buys Washington Marriott at Metro Center for about $128 million
The largest item in this industry roundup: Newport Beach-based T2 Hospitality has acquired the Washington Marriott at Metro Center in downtown Washington, D.C., in a deal reported at roughly $127.99 million (deed records and other filings round that to $128 million). The price works out to about $281,916 per key based on commonly reported key counts. Deed entries and media reports show small differences in room counts, listing the hotel at either 454 or 459 keys.
Top facts about the sale
- Address: 775 12th Street NW, Washington, D.C..
- The property offers roughly 13,000 square feet of event space.
- A major renovation was completed in May 2023, including a new front entrance and lobby, a fitness center, a restaurant and an M Club lounge.
- The seller was a subsidiary of Bethesda, Md.-based real estate investment trust Host Hotels & Resorts, which originally acquired the building in 1994 when it operated under a different flag.
- Recorded sale price entries may omit the value of furniture, fixtures and equipment, so public deed numbers can differ from total transaction consideration.
It was not publicly clear why the seller chose to move this asset. The sale appears to be T2 Hospitality’s first acquisition in Washington, D.C. T2, based in Newport Beach, lists 13 hotels and just over 2,000 rooms on its website, most in California and one in Denver. At the end of June, the seller owned roughly 80 hotels nationwide and five central D.C. hotels totaling more than 3,200 rooms, per public filings.
Financing and local context
Deed records show the purchase was financed in part by seller-provided financing. A loan from a Host-related trust is recorded at about $114 million (other reports listed the seller-provided financing at $113.75 million). The sale is one of the larger hotel trades in Washington this year and exceeds several other recent local sales.
The hotel sits next to a vacant office building that is being demolished for a new 320,000-square-foot office tower, and it is adjacent to an entrance to the Metro Center subway station. These locational factors help explain why the asset was attractive to a buyer focused on urban full-service hotels.
Other hotel industry moves and projects — concise roundup
Fort Lauderdale: new hotel loan
A developer secured a first-lien construction loan to build an 8-story, 144-key Hotel Indigo in Fort Lauderdale. The deal includes a 109-space parking garage across the lower floors and places the project within reach of the airport, cruise terminals, a convention center and intercity rail service.
Renaissance Nashville refinancing
A 674-room convention-oriented hotel in Nashville completed a refinancing package that includes a new roughly $218 million commercial mortgage-backed securities (CMBS) loan and an upsized preferred equity piece of about $53 million, bringing preferred equity outstanding to about $88 million. The new five-year loan lowers the pricing spread versus the prior note and replaces a prior CMBS loan originated last year.
Rosewood Exuma groundbreaking
A Miami-based developer began construction on a new ultra-luxury resort in the Bahamas. The project will include 33 bungalows, marina facilities with 69 slips and two marinas able to host yachts up to 120 feet. The first phase is expected to finish by mid-2028, with the full resort slated to open in late 2028. The development is positioned as a large, multi-island private investment with notable projected local economic impact and job creation.
London-area development site purchase
A Europe-focused hotel group bought a development site near the City of London for about £17.5 million with planning permission to build a Radisson RED lifestyle hotel plus office space. The fund expects a total all-in outlay of roughly £90 million and forecasts a mid-to-high single-digit running unlevered yield at stabilization.
Other notable deals and starts
- A South Carolina-affiliated operator closed on its first Texas property, a 141-key extended-stay hotel in a mixed-use urban district, and plans a refresh of rooms and public spaces.
- Construction financing was arranged for a 105-room Marriott Tribute Hotel in Santa Barbara, including rooftop ocean-view amenities; work is set to start shortly with completion scheduled for 2027.
Market snapshot
Recent weekly U.S. hotel data showed mixed year-over-year comparisons: occupancy slightly down, average daily rate up modestly, and revenue per available room roughly flat. Boutique hotels have been gaining share of demand compared with same-class U.S. hotels, with more new boutique openings in urban centers and growing interest in suburban town centers.
What this means
The Washington Marriott sale highlights continued investor interest in downtown, transit-adjacent full-service hotels and shows how large deals often rely on seller financing. At the same time, loan closings and new construction projects across coastal and resort markets indicate capital is still active for both midscale and ultra-luxury development. Urban trades and refinancing activity remain a core part of the hotel capital markets story as owners reposition portfolios and target different risk-return profiles.
Frequently Asked Questions
What property was sold and for how much?
The Washington Marriott at Metro Center was sold for about $127.99 million, recorded roughly as $128 million in deed records.
Who bought and who sold the hotel?
Buyer: T2 Hospitality, based in Newport Beach, Calif. Seller: a subsidiary of Host Hotels & Resorts.
How many rooms does the hotel have?
Reports list the hotel at either 454 or 459 keys; public records vary by source.
Was the purchase financed?
Yes. Deed records show seller-provided financing from a Host-related trust of about $114 million (some reports listed $113.75 million).
What other hotel industry activity is covered here?
The roundup covers a construction loan for Hotel Indigo Fort Lauderdale, a refinance of a large Nashville hotel, a luxury resort groundbreak in the Bahamas, a London-area site purchase for a Radisson RED, and several construction and financing moves around the U.S.
Does the recorded sale price include furniture and fixtures?
Not necessarily. Recorded deed prices may omit the value of furniture, fixtures and equipment, which can make public figures differ from total deal consideration.
Key features at a glance
| Feature | Detail |
|---|---|
| Property | Washington Marriott at Metro Center |
| Address | 775 12th Street NW, Washington, D.C. |
| Reported sale price | ~$127.99M (recorded ~ $128M) |
| Keys | Reported: 454 or 459 |
| Event space | ~13,000 sq ft |
| Renovation | Completed May 2023 (entrance, lobby, fitness, restaurant, M Club) |
| Buyer | T2 Hospitality (Newport Beach, Calif.) |
| Seller | Host Hotels & Resorts (via subsidiary) |
| Financing | Seller-provided loan recorded at ~ $114M |
| Neighborhood context | Next to planned office tower and adjacent to Metro Center station |
Deeper Dive: News & Info About This Topic
Additional Resources
- Commercial Observer: T2 Hospitality buys Washington Marriott at Metro Center
- Wikipedia: Washington Marriott at Metro Center
- Bisnow: Host Hotels sells downtown D.C. Marriott to California company
- Google Search: Host Hotels sells Washington Marriott Metro Center
- NBC Washington: Marriott Tribute Chinatown hotel coming to D.C.
- Google Scholar: Marriott Tribute Chinatown Washington DC
- Hotel Online: Washington Dulles Marriott Suites renovation
- Encyclopedia Britannica: Washington Dulles Marriott Suites
- Washington Post: Marriott conference-center contract labor (June 21, 2025)
- Google News: Marriott conference center contract labor
Author: Construction FL News
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