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FALLS CHURCH, VA-JER Partners has sold a hotel asset it acquired in 2007, the Fairview Park Marriott, to a partnership organized by Thayer Lodging Group. The sales price for the 395-key, full-service hotel was not disclosed but a source close to the transaction tells GlobeSt.com that it traded at close to a 6% cap rate.

JER purchased the hotel for $108.5 million as part of a seven-asset sale from Bethesda, MD-based Host Hotels & Resorts. Last May, it paid off a large portion of the hotel’s debt at a discount and extended the maturity date on the remainder of the loan.

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