The Leesburg, Va. property, which includes five food-and-beverage outlets, 55,000 sq. ft. of meeting space, 45 holes of golf, three tennis courts, five pools, a fitness center, a 12,000-sq.-ft. spa. and 296 guestrooms has been sold to a Hong Kong firm making its first investment in the U.S. hospitality sector.
JLL has sold the Lansdowne Resort and Spa in Leesburg, Va., on behalf of LaSalle Hotel Properties, to Dejia, a first-time U.S. hotel investor based in Hong Kong, for $133 million, Hotel Management reported.
The resort is situated on a 476-acre site overlooking the Potomac River, located 15 minutes from Dulles International Airport and 35 minutes from Washington, D.C.
In addition to 296 guestrooms, Hotel Management reported, the property includes five food-and-beverage outlets, 55,000 sq. ft. of meeting space, 45 holes of golf, three tennis courts, five pools, a fitness center and a 12,000-sq.-ft. spa,
“Investors are paying more attention to assets in the Washington, D.C. metro area due to improving market fundamentals,” JLL Managing Director Robert Webster said in a statement. “The size of this resort, along with the luxurious amenities it offers guests, presented a valuable opportunity to own an iconic property in a spectacular location.”
Dejia’s purchase of the Lansdowne Resort comes amidst a recent surge in Asian investment firms’ purchases in the American hospitality sector, Hotel Management reported. In response to the record-breaking uptick in Chinese travel, Chinese firms, including HNA Group and Anbang Insurance Group, intend to profit from tourists’ expenses, the publication noted.
Former aviation company HNA Group purchased a 25-percent stake in Hilton Worldwide Holdings last October, to become the largest stakeholder for the hotel company, Hotel Management reported. Anbang landed a $5 billion purchase of 15 American hotels in September 2016 and also owns New York’s Waldorf Astoria, through a $2 billion deal that has been recorded as the highest price ever paid for an American hotel, Hotel Management reported.
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