HEI Hotels and Resorts buys Hotel Palomar in Arlington
- February 26, 2012
HEI Hotels & Resorts (HEI ) purchased the 154-room Hotel Palomar in Arlington for an undisclosed amount. Effective with the sale is a rebranding of the boutique hotel to Le Meridien Arlington. The property is located in an urban area of the Rosslyn submarket. HEI, a hospital company based out of Norwalk, Conn., has 43 properties in 16 states. It plans a significant renovation to the Arlington property, which was built in 2007 as the hotel component of Waterview, a mixed-use project that also offers Class-A office space and residential condominiums.
Jones Lang LaSalle Hotels arranged the sale on behalf of an affiliate of the JBG Cos.