16 MAY 2024

HUNTER HOTEL ADVISORS ANNOUNCES SALE OF STAYBRIDGE SUITES TYSONS-MCLEAN

Hunter Hotel Advisors ("HUNTER") today announced the successful sale of the Staybridge Suites Tysons-McLean. SAK Developers acquired the five-story property on May 10, 2024, for an undisclosed price. HUNTER’s Senior Vice President, David Perrin, represented the institutional seller.

Situated in the heart of downtown McLean, the Staybridge Suites offers 142 extended-stay keys to the greater D.C. Metro. Located in the highly affluent residential community of McLean, the property offers easy access to Tysons Corner, which hosts numerous corporate demand generators and major government agencies.

Serving as a long-term homebase for a variety of travelers and global embassies, guests enjoy a 24/7 fitness center, 360 square feet of meeting space, luxurious outdoor amenities and convenient laundry service.

“We’re thrilled to announce our latest mid-Atlantic closing with the Staybridge Suites Tysons-McLean,” said Perrin. “The acquisition marks an excellent opportunity for the buyer to further expand their D.C. Metro portfolio and capitalize on the unique location and dynamic demand centered around this hotel. We truly appreciate both the buyer and seller’s trust in HUNTER to manage this transaction, especially in the current challenging market conditions.”