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Source: Al Sraiya Enters DC Market With Eye on Club Quarters

WASHINGTON, DC—Al Sraiya and Qatari Diar are illustrative of the latest wave of foreign investors seeking out opportunities in the Washington, DC area.

By Erika Morphy | erikamorphy | | Updated on July 26, 2016
Club Quarters Club Quarters
Club Quarters May Be Trading to Qatar Company Al Sraiya Holding WASHINGTON, DC— Al Sraiya Holding Group , which consists of several individual companies that cater to Qatar’s construction needs, is acquiring Club Quarters , a hotel located at 839 17th St., NW, according to a source, with a bid to buy the 161 unit hotel for $52.4 million or $325,466 per key. Al Sraiya may seem to be an unusual type of investor in real estate but the company is making moves into this sphere. Last month it acquired the Mowbray Court Hotel in London and in December of 2015 it acquired The Marriott Munich .

New York Life Provides $140M Loan for The Apartments at CityCenterDC

WASHINGTON, DC—New York Life Real Estate Investors is providing a $140 million loan financing the leasehold interest in The Apartments at CityCenterDC, a 458-unit multifamily building that is part of the mixed-use development by Hines and Qatari Diar. The loan, which has a fixed rate and a term of 10 years, is on behalf of institutional investors. “This loan represents the type of collateral we seek to have within our commercial loan portfolio,” said Eric Becher, senior director and head of New York Life Real Estate Investors’ Northeast Regional Office.

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