Located off I-395 just 10 minutes from the heart of Washington, DC and an even shorter distance from Reagan National Airport, Ritz-Carlton, Pentagon City has been a top-of-the-line luxury hotel destination since its development in 1990. In addition to its guest rooms and direct interior access to the adjoining upscale Fashion Centre Mall office and retail locale, the 18-story hotel also offers 1,000 sf of meeting space, a business center, fitness facility and a restaurant and lounge.

"This high-quality hotel is very much in line with the type of assets we will look to acquire--larger properties that will be accretive to earnings, located in major urban markets or high-end resort destinations with high barriers to entry, strong brand affiliations and significant meeting space," company chairman and CEO Paul W. Whetsell notes in MeriStar's first quarter 2004 report.