Real Estate Journal — May 10 - 23, 2019 — 5A
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Peek & Vazifdar lead advisory team HFF announces $111M sale and financing for Liaison Washington Capitol Hill hotel W ASHINGTON, DC— Holliday Fenoglio Fowler, L.P. (HFF)
efficient, lifestyle-oriented hospitality concept, and this will be YOTEL’s first extended stay project in Washington, D.C. The HFF investment advi- sory team was led by senior managing director and head of HFF’s hotel group Daniel Peek and senior director Cyrus Vazifdar . “It was a true privilege to represent the Pebblebrook team on this transaction,” Peek said. “They are best in class and a group we have long admired in the industry.” The HFF debt placement team representing the bor- rower consisted of managing director Scott Aiese and se- nior director Chris Hew . “We’re excited to see YOTEL enter Washington D.C. and believe the flag will achieve significant market share with its target clientele in this un- paralleled location, just steps from the United States Capi- tal,” Aiese added. the seller, McCann Realty Partners and Artemis Real Estate Partners . The com- munity was purchased by Capital Square Acquisi- tions, LLC. “Hickory Creek received overwhelming interest from the marketplace,” said Will Mathews, managing director of the East Region Multi- family Advisory Group for Colliers International. “The competitive nature of the marketing process is due to our team’s diverse national relationships and superior market knowledge.” “We are very pleased to work on another successful transac- tion with the multifamily team at Colliers,” said Whitson Huffman , vice president of Capital Square Acquisitions, LLC. “Their broad-reaching capabilities and top-notch team allowed us to seamlessly go from the purchase and sale agreement to close in 35 days.”
announces that it has closed the $111 million sale of and arranged acquisition financ- ing for Liaison Washington Capitol Hill, a 343-room hotel in the Capitol Hill submarket of Washington, D.C. HFF marketed the property on behalf of the seller, Pebble- brook Hotel Trust. A part- nership between Metrovest Equities Inc. and BLDG Man- agement purchased the hotel unencumbered of existing brand and management. Ad- ditionally, working on behalf of the partnership, HFF placed a 75% loan-to-cost floating- rate bridge loan with a major life insurance company. The hotel is at 415 New Jersey Ave. and is the closest hotel to the United States Cap- itol building. Additionally, it is within walking distance of Union Station, the National Mall, Georgetown University RICHMOND, VA — The Colliers International East Region Multifamily Advi- sory Group represented the seller in the sale of Hickory Creek Apartments for $45.6 million. The community was built in 1984 and includes 294 apartments. Hickory Creek is strategi- cally located near I-64 and I-295, Richmond’s primary commuter thoroughfares pro- viding easy access to down- town Richmond and West End employment hubs. Situated directly off W. Broad St., the community is in proximity to abundant in-demand retail and entertainment amenities. The site is also located five miles from Short Pump, Cen- tral Virginia’s premier retail destination and 11 miles from downtown Richmond. Hickory Creek has many amenities including a swim- ming pool with sundeck, fit- ness center, lighted tennis courts, pet park, and car wash
and 100 embassies. The buyer plans to convert the existing Liaison Wash- Liaison Washington Capitol Hill
Law Center and the Walter E. Convention Center and nearly 150 million s/f of office space
ington Capitol Hill hotel into the YOTELPAD Capitol Hill. YOTEL is an operationally-
Colliers International East Region Multifamily Advisory Group brokers sale of 294-unit multifamily community in Richmond, VA
fireplaces. Will Mathews , of the Col- liers East Region Group; and Charles Wentworth, Raw- Hickory Creek Apartments
area. The community offers residents fully equipped kitch- ens, walk-in closets, washers and dryers and wood-burning
les Wilcox, G.S (Hank) Han- kins, Victoria Pickett and Clay Ellis , of the Colliers Mid- Atlantic Team, represented
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