T2 Hospitality acquires Washington Marriott at Metro Center for about $128M

Washington, D.C., September 6, 2025

News Summary

Newport Beach-based T2 Hospitality has purchased the Washington Marriott at Metro Center in downtown Washington, D.C., in a deal reported at roughly $127.99 million (recorded about $128 million). The full-service hotel, listed with 454–459 keys, works out to roughly $281,916 per key and offers about 13,000 square feet of event space. A major renovation was completed in May 2023. The seller was a subsidiary of Host Hotels & Resorts and the transaction included seller-provided financing recorded at about $114 million. The location’s transit access and nearby office development helped drive buyer interest.

T2 Hospitality buys Washington Marriott at Metro Center for about $128 million

T2 Hospitality has acquired the Washington Marriott at Metro Center for roughly $127.99 million, according to recorded documents. The deal stands out as one of the largest hotel sales in Washington, D.C., this year and was at least partly financed by the seller through a loan of about $114 million shown in deed records.

Key facts up front

• Sale price recorded at approximately $128 million.
• Hotel listed with 454 to 459 keys in different reports.
• Property address: 775 12th Street NW, Washington, D.C..
• Includes roughly 13,000 square feet of event space.
• Renovation work at the hotel was completed in May 2023.
• Sale appears to be T2 Hospitality’s first purchase in Washington, D.C..

What the purchase means and how it was structured

The buyer, T2 Hospitality, is based in Newport Beach, California, and owns about 13 hotels totaling just over 2,000 rooms, mostly in California and one in Denver. The seller is a Bethesda-based real estate investment trust that held the hotel since the mid-1990s and had invested millions over recent years in upgrades. Those upgrades included a new entrance and lobby, a gym, a restaurant and an executive lounge.

Deed records show a seller-provided loan of roughly $114 million, which appears to have financed a large portion of the acquisition. Some reports list the seller financing at $113.75 million. Recorded sale prices for hotels often do not include the value of furniture, fixtures and equipment, which can mean the public record does not reflect the full economic value of a transaction.

Location and local context

The hotel sits next to an entrance to the Metro Center station and beside a vacant office site that is being replaced by a new, large office building. Its central location and event space make it a major asset in the downtown business district. The sale tops other recent D.C. trades by value, including a $92 million sale earlier this year of another full-service downtown hotel.

Why it matters

This transaction signals continued investor interest in full-service city hotels and shows active use of seller financing to close deals. It also marks geographic expansion for T2 Hospitality and reduces one large owner’s footprint among other holdings in the region. The deal comes amid a year of notable hotel trades, refinances and new developments across the U.S. and abroad.

Industry roundup: other notable hotel moves and projects

Construction and loans

• A developer closed on a roughly $40.89 million construction loan to build an 8-story, 144-key full-service Hotel Indigo in Fort Lauderdale. The plan includes a 109-space parking garage across the first four floors and proximity to airport, cruise, convention and rail demand drivers.
• Concord Summit Capital arranged $16.5 million in C-PACE construction financing for a 105-room Marriott Tribute hotel in Santa Barbara, which will feature a rooftop amenity with ocean views and is scheduled to start construction soon.

Sales and acquisitions

• A South Carolina developer bought a 141-key Hyatt House in Dallas for its first property in Texas and plans to refresh guest rooms and public spaces.
• A London-based hotel group acquired a development site near the City of London for about £17.5 million to build a Radisson RED lifestyle hotel with at least 182 rooms plus office space; the fund expects an all-in investment of around £90 million.

Refinancings and capital moves

• A major refinance closed on a 674-room downtown hotel in Nashville with a new $218 million CMBS loan and an additional $53 million of preferred equity, bringing total preferred equity outstanding to about $88 million. The new loan is priced at a materially lower spread than the prior loan.

Resorts and luxury development

• A Miami-based developer has broken ground on an ultra-luxury resort in the Exuma islands that will include villas and bungalows, private yacht slips, two marinas and phased openings through late 2028. The project is expected to bring long-term job creation and large economic impact locally.

Market data and trends

Through mid-year, boutique hotels showed faster demand growth than same-class U.S. hotels, with increased interest not only in urban centers but also in suburban town centers. For a recent week in late August, U.S. hotel occupancy was about 63.4% with average daily rate near $155.87 and RevPAR at $98.88. Market performance varied by city, with some top markets down sharply and others posting gains.

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FAQ

Quick reference table: key features

Topic	Key details
Transaction	Washington Marriott at Metro Center — recorded price ~$128M; seller financing ~$114M.
Size	454–459 rooms; ~13,000 sq ft event space; central DC location next to Metro.
Buyer profile	T2 Hospitality — Newport Beach-based owner of 13 hotels and just over 2,000 rooms.
Seller profile	Large publicly listed hotel REIT that owned the property since the 1990s and completed renovation work in 2023.
Other notable items	Roundup includes Fort Lauderdale Hotel Indigo loan, Santa Barbara Tribute hotel C-PACE financing, Exuma resort groundbreaking, London site purchase for Radisson RED, and a major Nashville refinance.

Deeper Dive: News & Info About This Topic

Additional Resources

• Commercial Observer: T2 Hospitality buys Washington Marriott at Metro Center
• Wikipedia: Washington Marriott at Metro Center
• Bisnow: Host Hotels sells downtown D.C. Marriott to California company
• Google Search: Host Hotels sells Washington Marriott Metro Center
• NBC Washington: Marriott Tribute Chinatown hotel coming to D.C.
• Google Scholar: Marriott Tribute Chinatown Washington DC
• Hotel Online: Washington Dulles Marriott Suites renovation
• Encyclopedia Britannica: Washington Dulles Marriott Suites
• Washington Post: Marriott conference-center contract labor (June 21, 2025)
• Google News: Marriott conference center contract labor