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Carey Watermark Investors 2 Acquires Le Méridien Arlington

ROSSYLN, VA-The last time it traded HEI Hotels paid $37.8 million for the 154-key boutique hotel and then rebranded it.

By Erika Morphy | erikamorphy | | Updated on June 29, 2016
Le Méridien Arlington Le Méridien Arlington
 

ROSSLYN, VA–Carey Watermark Investors 2, a New York City-based non-traded REIT that invests in lodging properties, reports that it has acquired the Le Méridien Arlington, a rare boutique hotel in this submarket.

The last time this property traded was in 2012 when HEI Hotels & Resorts acquired the 154-room Hotel Palomar Arlington from a JBG Cos.-led joint venture for $37.8 million, or $245,455 per unit, and rebranded it as Le Meridien Arlington. Le Méridien Arlington is a Starwood Hotels & Resorts brand.

CWI 2 did not reveal the purchase price and the company was not able to immediately return a call to GlobeSt.com.

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