HERNDON, VA – The Pinkard Group and Stonebridge Companies haveacquired the Residence Inn by Marriott Herndon Reston, in a 50-50joint-venture transaction. The partners purchased the168-suite, extended stay hotel for $17.25 million, in an off-markettransaction.
The Herndon, Virginia hotel was acquired from LNR Partners LLC,who acted as an attorney in fact on behalf of MSCI 2007-TOP27 EldenStreet LLC.
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