Hotel Transaction Virginia

Hilton Alexandria Old Town Sold for $111 Million

Ashford Trust announced that it has signed a definitive agreement to acquire the 252-room Hilton Alexandria Old Town located in Alexandria, Virginia, for total consideration of $111 million.
Ashford Trust announced that it has signed a definitive agreement to acquire the 252-room Hilton Alexandria Old Town located in Alexandria, Virginia, for total consideration of $111 million.
Hilton Alexandria Old Town

Ashford Trust announced that it has signed a definitive agreement to acquire the 252-room Hilton Alexandria Old Town located in Alexandria, Virginia, for total consideration of $111 million.

The key features of the acquisition of the Hilton Alexandria Old Town are:

  • 252-room hotel with 12,967 square feet of meeting and function space
  • Opened in 2000 with $9.6 million in renovations since 2013
  • Trailing 12-month occupancy, ADR and RevPAR of 85%, $190 and $161, respectively
  • Strong location near office and retail demand generators
  • Limited new supply
  • Adjacent to Metro station

In conjunction with the transaction, the Company expects to enter into a non-recourse mortgage loan of $73.5 million at closing. The loan is expected to have a term of five years and bear interest at a rate of LIBOR + 2.45%.



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