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New York, NY�February 1, 2001 -- Sonnenblick-Goldman Company, acting
as exclusive advisor to Arlington Hotel Co., has arranged the sale of the
Doubletree National Airport in Arlington, Virginia. Value Enhancement Fund IV, L.P., a Georgia limited partnership, purchased the 636-key hotel. �The strength and diversity of the Washington, D.C. economy, coupled with the expanded National Airport, the addition of the new Convention Center and many area leisure attractions, bodes well for the future growth of lodging demand for the Capitol and the Crystal City/Pentagon City sub-market. As the local economy continues to expand, the Doubletree�s location will enable it to capture additional corporate, group and leisure business,� said Mark Gordon, Managing Director and Head of Sonnenblick-Goldman�s International Lodging & Leisure Group. Mr. Gordon added, �The Doubletree Hotel is also well positioned to increase
Located just minutes from Ronald Reagan National Airport, the hotel
features
Sonnenblick-Goldman Company is the industry�s leading independent real
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Jeannette Boccini Director of Corporate Communications Sonnenblick-Goldman Company 712 Fifth Avenue New York, NY 10019 212-841-9245 www.sonngold.com |
Also See | Fairmont Hotels Parent Company, Canadian Pacific Hotels, Acquires Control of the Kea Lani Resort in Wailea, Maui / Feb 2001 |