Tysons Corner Hotel Pulls In $10M Financing Package

VIENNA, VA-The Residence Inn Tysons Corner reels in $10 million in permanent financing from GMAC Commercial Mortgage Corp. According to county records, the hotel has a 2003 assessed value of $11.5 million.

By Barbra Murray | July 17, 2003 at 01:01 AM

Located on a nearly three-acre plot just a few miles from the popular Tysons Corner Center retail destination, the 66,000-sf brick hotel features a breakfast area, exercise center and a laundry room. TCVA plans to make significant improvements to the building, which was developed in 1984. Acquisition of the extended-stay facility came as part of a multi-million-dollar hotel portfolio deal in which 14 properties were traded from Starwood Hotels & Resorts to a partnership involving three real estate companies.

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