Purchased by an affiliate of The JBG Companies of Chevy Chase, Maryland, for an undisclosed amount, the 265�room property is located on 12th and K Streets in an upscale DC business district. JBG is currently developing a Class A office building across from the hotel site. 

The hotel features celebrity chef Tom Powers� restaurant Corduroy, a roof-top pool, business center, fully equipped fitness center, underground parking and 9,400 square feet of event space. 

�This first-class asset attracted significant investor attention,� commented Mark Morris, vice president of Molinaro Koger who structured the transaction. 

�Hotel properties in the District typically generate strong interest and this hotel, due to it excellent location and combined with strategic marketing of the asset resulted in competitive bidding,� said Mr. Morris. 

�The DC market is performing well and with high barriers to entry for well-located full-service properties, the Sheraton was a prime acquisition.� 

For further information about this transaction and current listings, please contact Molinaro Koger at 703.760.9600 or via www.molinarokoger.com.
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Molinaro Koger is an international hotel real estate brokerage firm. The company structures boutique through luxury hotel transactions throughout the Americas and Europe. Headquartered in metro-Washington, DC, with offices in Atlanta, Chicago, Cincinnati, Dallas and London, Molinaro Koger captured the awards for Highest Volume, Largest Transaction and Salesman of the Year from Hotel Brokers International five times in the past decade.

Joseph Molinaro founded the firm in 1959, and since then Molinaro Koger has successfully marketed hotel real estate, sponsored limited partnerships, and arranged financing for purchasers. Given the cyclical nature of real estate, the firm has weathered an array of highs and lows during the course of its 45-year history. Throughout that time, the company has grown and assisted clients in achieving their investment goals.

�In each portion of the cycle we gather strength, expertise and contacts. We are able to serve our clients best interests regardless of economic highs or lows,� says President Robert Koger. �The results we achieve are directly attributable to the commitment and expertise of our professional staff.�

Molinaro Koger can be accessed online at www.molinarokoger.com.