Hotel and Related Assets in District of Columbia

Sale of hotel commonly known as Washington Marriott Wardman Park Hotel (the “Hotel”), a convention hotel located at 2660 Woodley Road NW, Washington, D.C. 20008 (the “Land”). The Land is comprised of three contiguous parcels, irregular in shape, and generally bound by Connecticut Ave. and 24th Street to the east; Woodley Road to the north; multi-family residential to the west; and Calvert St. and multi-family residential to the south. The site is considered to be fully improved and no excess or surplus land exists.

The primary improvements on the seller's Land include a facility previously used as a convention style hotel with significant meeting space. The facility contains 1,152 guest rooms, lobby, registration area, lobby restaurant, pub, full-service restaurant, health center, business center, jewelry shop, car rental shop, gift/sundry shop, hair salon, and all necessary back of house and mechanical space to operate the facility. Additionally, the property contains 196,222 sq. ft. of meeting space that is divided between pre function space, ballrooms, break out rooms, and exhibition space. All public spaces are located on the lower levels of the property. The guest rooms are arranged in three towers: Wardman Tower (built 1928), Center Tower (built 1978), and Park Tower (built 1965). Other improvements to the site include an outdoor pool, 665 striped parking spaces divided between three garages and surface parking, landscaping, signage, property driveways, sidewalks, curbing, etc.