Jones Lang LaSalle Hotels Markets for Sale the Marriott Bethesda North Hotel
An upscale property in suburban Washington, D.C.
BETHESDA, MD, October 24, 2005. Jones Lang LaSalle Hotels is exclusively marketing for sale the Marriott Bethesda North Hotel on behalf of IRP/QDC White Flint Associates, L.L.C. The 225-guestroom hotel offers an exceptional opportunity to acquire a recently opened, upscale, full-service property in suburban Washington, D.C.. The hotel is the recipient of numerous awards, including recognition by DC-based International Economic Development Council for best public-private partnership.
"The hotel is a unique asset with outstanding finishes and is connected directly to the Montgomery County Conference Center," said Arthur Adler, managing director and CEO-Americas for Jones Lang LaSalle Hotels. "The hotel was constructed to facilitate expansion of an additional 225 rooms, which can be accomplished relatively easily since the zoning is in place."
"The Marriott Bethesda North Hotel benefits from its location in the Washington metropolitan area which has emerged as one of the most sought-after hotel markets in the nation, from both investment and performance perspectives," said Alan Tantleff, executive vice president for Jones Lang LaSalle Hotels. "Investors will be attracted to the strong market fundamentals and expansion capabilities."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
