Courtyard Alexandria Pentagon South 4641 Kenmore Ave 203 Chambres d’hôtel Services hôteliers Vente aux enchères en ligne Alexandria, VA 22304

Berkadia Hotels & Hospitality has been exclusively retained to offer for sale the leasehold interest (90 years remaining) in the 203-key Courtyard Alexandria Pentagon South (the “Hotel,” “Asset,” “Property,” or “Courtyard”). The 11-story Asset represents a unique opportunity for a new owner to acquire a highly visible, Marriott affiliated, concrete and steel constructed Hotel with structured parking (415 stalls) in a renowned top 25 US lodging market at an outstanding basis far-below replacement cost. Moreover, a potential buyer will have significant branding optionality and the ability to convert to a City Express or Four Points by Marriott, as the Property is currently operating on a temporary license.

Despite having to de-flag from a Courtyard, there remains considerable top and bottom-line upside, as the Hotel has not been renovated since 2014, is only running a 71% RPI ($5.9 million of revenues), and will undergo a significant renovation/conversion, repositioning the Hotel within the greater submarket. Furthermore, a new owner will be able to remove the current Receiver and implement an operator of their choosing with tailored revenue management strategies to further drive top-line performance. When combined with the opportunity to convert to a flag with a more efficient operating model, such as a City Express, and reposition the inefficient Bistro, repurpose 1,112 square feet of meeting space, reconfigure the pool into a state-of-the-art fitness center, and remove considerable contract labor (~$335k) across several departments, a potential buyer will be able to improve cash-flow far-beyond historical benchmarks and realize attractive exit capitalization opportunities.

Benefitting from a dynamic location along I-395 (230k vehicles per day), the Asset is ideally positioned between two of Virginia’s most desirable submarkets – Alexandria and Arlington – along with its diverse cohort of government, medical, and leisure demand generators, which are well-complimented by vast retail amenities. The Asset enjoys proximity to the 2.8 million square foot Mark Center, which houses numerous Department of Defense agencies, the Pentagon (+27,000 employees), the 318-bed Inova Alexandria Hospital (relocating to new $1 billion hospital), Amazon’s $2.5 billion HQ2, Alexandria’s historic Old Town, and Ronald Reagan National Airport (26.3 million passengers as of year-end 2024). When paired with no new supply under construction in the immediate vicinity and seamless access to downtown Washington, D.C. – the U.S. Capital – the Hotel offers a compelling investment opportunity in the current market.