Interstate Hotels & Resorts To Manage Hilton Arlington

ARLINGTON,VA-Interstate Hotels & Resorts will manage the newly traded Hilton Arlington, located at 950 N. Stafford St. Interstate Hotels & Resorts was awarded the management mandate from Cornerstone Hotel Income & Equity Fund. Cornerstone purchased the 209-key asset at the end of last year for $71.5 million.

A multimillion-dollar renovation is planned for the hotel over the next several years, including the construction of a new fitness center. The hotel, which was last renovated in 2005, is part of a 26-story, mixed-use development next to the Arlington metro. It occupies the first seven floors of the building and is linked by a skywalk to the Ballston Mall, the National Science Foundation office complex and other nearby office buildings. There is also 6,000 sf of flexible meeting space as well as an on-site parking garage.

This is the third management contract Interstate Hotels & Resorts has signed with Cornerstone and one of seven hotels it manages in the Washington DC/Northern Virginia area. Interstate has managed the Hilton Arlington since 1996.