Noble Investment Group buys Westin Reston Heights Hotel
- June 14, 2018
Holliday Fenoglio Fowler L.P. Thursday announced the sale and acquisition financing of Westin Reston Heights, a 191-room hotel in Reston. The acquisition price was not disclosed.
The HFF team marketed the property on behalf of the seller. Noble Investment Group, based in Atlanta, purchased the hotel. According to HFF, Noble plans to implement a comprehensive guest room and public area upgrade and renovation.
Additionally, working on behalf of the new owner, HFF said it arranged a floating-rate acquisition loan with a balance sheet lender.
The Westin Reston Heights opened in 2008. Amenities include a 24-hour business center, Vinifera Wine Bar & Bistro, 1,000 square feet of meeting and boardroom space and fitness outlets, such as a rooftop fitness studio with heated pool.
The hotel also offers a RunWestin program that provides local running maps and athletic shoes and apparel to guests during their stay.
Located at 11750 Sunrise Valley Drive, the hotel will be within walking distance of the future Reston Town Center Metrorail Station (Silver Line), which is expected to be completed in 2019.
“The Reston story is one of the best in the mid-Atlantic, with incredible development spurring major corporate relocations,” Cyrus Vazifdar, a senior director with HFF’s investment advisory team, said in a statement.