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Crystal City Marriott Hotel |
McLean, Virginia � July 12, 2004 � Molinaro Koger announced today that
the firm completed the sale of the Crystal City Marriott Hotel in Arlington,
Virginia to Vornado Realty Trust (NYSE: VNO) on behalf of Crystal City
Hotel Associates, LP.
Strategically located in one of the premier commercial corridors in the Washington, DC area - just two miles from Ronald Reagan National Airport, the Crystal City Marriott is proximate to hundreds of corporations, associations and government, as well as numerous tourist attractions. The hotel�s 343 guestrooms include 10 suites and 86 rooms equipped as The Room That Works for business travelers. With more than 17,000 square feet of flexible meeting space, underground parking, a bistro style restaurant and a Concierge Level, the hotel is ideally equipped for corporate and government travelers. For further information please contact Molinaro Koger at 703.760.9600
or via www.molinarokoger.com.
About Molinaro Koger 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 has 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.�
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Molinaro Koger
Sharon Lemon
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