SAK Developers buys the Staybridge Suites Tysons-McLean. Terms were not disclosed. Hunter Hotel Advisors and its SVP David Perrin represented the institutional seller.
Situated in downtown McLean, the five-story property has 142 extended-stay keys to the greater D.C. Metro area. Located in the highly affluent residential community of McLean, the property has easy access to Tysons Corner, which hosts numerous corporate demand generators and major government agencies.
Serving as a long-term home base for a variety of travelers and global embassies, there is a 24/7 fitness center, 360 square feet of meeting space, luxurious outdoor amenities, and convenient laundry service.
“We’re thrilled to announce our latest mid-Atlantic closing with the Staybridge Suites Tysons-McLean,” Perrin said in a statement. “The acquisition marks an excellent opportunity for the buyer to further expand their D.C. Metro portfolio and capitalize on the unique location and dynamic demand centered around this hotel. We truly appreciate both the buyer and seller’s trust in Hunter to manage this transaction, especially in the current challenging market conditions.”