Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TYSONS CORNER, VA-The 443-room Sheraton Premiere Hotel has traded to JBG Cos. for $84.5 million in cash. FelCor Lodging Trust sold the local holding as part of its larger national asset disposition strategy. The property, which was owned in a JV between FelCor and Starwood Hotel & Resorts Worldwide, will continue to be managed by Starwood Hotels & Resorts as a Sheraton under a long-term management contract. JBG Cos. did not return a call to GlobeSt.com in time for publication. Molinaro Koger represented FelCor in this transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.