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.
Major D.C. hotel sale: T2 Hospitality buys Washington Marriott at Metro Center for about $128 million
A Newport Beach hotel owner has purchased a large downtown Washington property in one of the year’s biggest hotel trades for the city. The buyer, T2 Hospitality, acquired the Washington Marriott at Metro Center for a price reported at approximately $127.99 million, with deed records and filings rounding that to $128 million. The cost breaks down to roughly $281,916 per key, based on publicly reported key counts that vary between 454 and 459 rooms.
The hotel sits at 775 12th Street NW, adjacent to a central subway entrance and next to a site being cleared for a new trophy office tower. The property contains about 13,000 square feet of event space and completed a major renovation in May 2023. Upgrades completed under the previous owner included a new front entrance and lobby, an updated fitness center, a new restaurant and a premium lounge.
Seller, financing and portfolio context
The seller was a large real estate investment trust that has owned the hotel for decades through an affiliate. The trust first acquired the site in the 1990s when the building operated under a different flag. Public records show the buyer secured significant seller-provided financing for the acquisition: a loan recorded at about $114 million from a trust tied to the seller. Other filings list that seller financing at $113.75 million. Recorded deed amounts for hotel sales sometimes do not include the value of furniture, fixtures and equipment.
The purchase appears to be the acquiring company’s first property in Washington, D.C. That company lists a portfolio of about 13 hotels totaling just over 2,000 rooms, mostly in California with one property in Denver. The seller remained a significant hotel owner nationally, with many properties and several in downtown Washington at the end of the most recent reporting period.
Local market notes and context
The size of the sale places it among the largest hotel deals in the city this year. It was larger than a February sale of another downtown full-service hotel that traded for under $100 million. The transaction comes amid active local hotel market movement that includes a mix of foreclosure transfers, lender takeovers, and large portfolio shifts.
Other recent hotel deals, loans and developments to watch
– An eight-story, full-service boutique hotel in Fort Lauderdale secured a first-lien construction loan of about $40.89 million. The project will deliver 144 keys and a 109-space parking garage stacked across its lower floors. The location is positioned close to the airport, cruise terminals, the convention center and a regional rail station.
– A developer acquired a four-story, 141-key extended-stay hotel in Dallas and plans to refresh guest rooms and common areas. This marks the buyer’s first entry into the Texas market.
– A large resort in Nashville underwent a refinancing that paired a new $218 million commercial mortgage-backed securities loan with additional preferred equity of $53 million, bringing total preferred equity tied to the property to $88 million. The new loan replaces a prior CMBS loan and carries a lower margin over the benchmark rate.
– A planned 105-room boutique hotel in Santa Barbara moved forward with $16.5 million in construction financing supported by a C-PACE program. The project will include a rooftop amenity with ocean views and aims for completion in 2027.
– A waterfront luxury resort on a private island in the Bahamas has broken ground. The first phase will offer beachfront bungalows and marina slips for private yachts, with phased opening dates through mid-2028 and full resort opening slated for late 2028. The development is projected to create hundreds of jobs and generate large long-term economic benefits for the local economy.
– A London-based hospitality group bought a development site near the City of London for about £17.5 million. Plans call for a lifestyle hotel of at least 182 rooms, a restaurant, a gym and roughly 41,000 square feet of office space. The total expected investment for the project is around £90 million.
Industry performance snapshot
Recent weekly industry data showed U.S. hotels with mixed year-over-year results: occupancy slightly below the prior year, average daily rates up about one percent, and revenue per available room essentially flat. Performance varied widely by market, with some Sun Belt and leisure-heavy cities seeing notable declines and others showing gains in occupancy.
What this sale means
The transaction reflects continued buyer interest in core-city full-service hotels and the use of seller financing to bridge large deals. It also underscores an active development pipeline in the region and shifts in ownership among institutional holders. For the neighborhood, the sale keeps a long-standing hotel operating next to planned office development and near major transit access, which may help maintain demand from business and conference travelers.
Frequently Asked Questions
What property was sold and who bought it?
The Washington Marriott at Metro Center was sold to T2 Hospitality for about $128 million.
How many rooms does the hotel have?
Public reports list the hotel with either 454 or 459 keys; both figures were reported in filings and coverage.
Was financing used in the purchase?
Yes. Deed records show the buyer obtained seller-provided financing of roughly $114 million through a trust linked to the seller.
What notable renovations or features does the hotel have?
The property includes about 13,000 square feet of event space and completed a renovation in May 2023 that added a new entrance, updated lobby, fitness center, a restaurant and a premium lounge.
How does this sale fit into the local market?
The deal ranks among the largest hotel sales in the city this year and reflects continued trading activity, refinancings and new development in the hospitality sector.
Key features at a glance
| Item | Details |
|---|---|
| Property | Washington Marriott at Metro Center |
| Address | 775 12th Street NW, Washington, D.C. |
| Sale price | ~$128 million |
| Rooms | Reported 454–459 keys |
| Event space | ~13,000 sq ft |
| Renovation | Completed May 2023 (lobby, entrance, fitness center, restaurant, lounge) |
| Buyer | T2 Hospitality (Newport Beach-based) |
| Seller | Large REIT via affiliate; held property since 1994 |
| Financing | Seller-provided loan ~ $114 million recorded |
| Nearby projects | Major office redevelopment next door; central transit access |
| Other sector activity noted | Construction loans, refinancings, groundbreakings and site buys in multiple markets |
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 CA News
CALIFORNIA STAFF WRITER The CALIFORNIA STAFF WRITER represents the experienced team at constructioncanews.com, your go-to source for actionable local news and information in California and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rose Parade, Coachella, Comic-Con, and the California State Fair. Our coverage extends to key organizations like the California Building Industry Association and Associated General Contractors of California, plus leading businesses in technology and entertainment that power the local economy such as Apple and Alphabet. As part of the broader network, including constructionnynews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic landscape across multiple states.
