184-Room Doubletree Gets New Owner

LARGO, MD-Ownership of the 184-room Doubletree Club Hotel has changed hands, courtesy of a recent transaction valued at approximately $8.5 million. The property now belongs to a partnership consisting of Philadelphia’s AMC Delancey Group Inc. and Fairfield, NJ-based Paramount Hotel Group LLC, which took the hotel off the hands of Praedium II Largo Associates LLC. The partnership plans to submit the Doubletree Club to a renovation, after which point it will reemerge as the Radisson Hotel Largo.

The six-story hotel sits off the Capital Beltway in the Inglewood Business Center just eight miles from Washington, DC and less than 15 miles from the Ronald Reagan Washington National Airport. Among the hotel’s list of amenities is an exercise facility and an indoor pool. The site is Metro accessible, due to a recent rail extension. AMC Delancey’s and Paramount’s planned transformation will include the demolition of an existing sandwich shop/café to make room for a new restaurant and bar. Work has already gotten under way and is scheduled to reach completion in September.