ALEXANDRIA, VA-Inland American Lodging Group has acquired its tenth hotel for the year in Alexandria, VA—the Lorien Hotel & Spa in Old Town. The 107-key hotel traded for approximately $45 million.
Constructed in 2009, the hotel was designed by Vicente Wolf. Besides the 107, there is also 6,500 square feet of flexible meeting space and a full-service spa.
The deal opens the door to a relationship with Kimpton Hotels & Restaurants, which manages the asset and will continue to do so under Inland American, according to Philip A. Wade, the company's senior vice president of investments.
Inland American has been acquiring hotels at a steady clip this year. Earlier this month, the REIT acquired the 21-story, 285-room Loews New Orleans for $74.5 million, or approximately $261,000 per key. Loews Hotels & Resorts will continue to manage the hotel. In September, it acquired two Andaz hotels for approximately $115 million. The hotels, part of Hyatt's boutique brand, are located in Napa, CA, and Savannah, GA.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
