JLL's Hotels & Hospitality Group announced that the firm arranged the sale of the Westin Crystal City on behalf of Rockpoint Group. AVR Realty Company/Allan V. Rose purchased the 220-room property, with Dimension Development serving as manager. JLL also secured $54 million in acquisition financing from Cantor Commercial Real Estate.
International Director Jeffrey Davis and Vice President Brady Rice led the JLL team on the sale, and Senior Vice President Matt Nowaczyk led the financing efforts.
The Westin Crystal City, which underwent a comprehensive renovation in 2014, is located a short distance from the Crystal City Metro and three miles from the White House and Capitol building. The hotel has 220 modern guestrooms and amenities, a Mediterranean-inspired restaurant and 16,000 square feet of contemporary meeting and event space.
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