Tuesday, February 19, 2019

The oldest Marriott hotel in existence is ready for a new look

Woodridge Capital Partners CEO Michael Rosenfeld likes old buildings — even the ugly ones. In Greater Washington, he’s preparing to overhaul a doozy: the Key Bridge Marriott in Rosslyn, Virginia.  In 2018, Woodridge and Oaktree Capital Management LP, both based in Los Angeles, purchased the hotel and 5.5-acre property for $190 million from Host Hotels & Resorts Inc. (NYSE: HST). We’re now getting a preview of what the developers have planned for the site. First of all, don’t worry, Marriott…



from https://www.bizjournals.com/baltimore/news/2019/02/19/early-look-at-plans-for-key-bridge-marriott-the.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/182915280962

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