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VIENNA, VA-The 96-room Residence Inn Tysons Corner has brought in permanent financing to the tune of $10 million for owner TCVA Realty LLC. GMAC Commercial Mortgage Corp. provided the fixed-rate package, which was arranged through GMAC’s Hospitality Industry Division. In an apparent case of financial déjà vu, the two-story Residence Inn sold in 1995 for $10 million. Fairfax County tax records indicate that the property has a 2003 assessed value of $11.5 million.

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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