Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Northern Virginia Mesa West Capital funds $55 million loan to refinance Hilton Hotel in Arlington

Mesa West Capital funds $55 million loan to refinance Hilton Hotel in Arlington

Published May 27, 2015 by Paula C. Squires

The New York City office of Mesa West Capital has originated a $55 million mortgage loan to refinance the Hilton Crystal City, a hotel in Arlington.
The nonrecourse, floating-rate, interest-only loan includes an initial term of three years with extension options.


The JBG Cos., a private real estate investment and development firm in the Washington, D.C., area, acquired the hotel adjacent to Ronald Reagan National Airport in 2012. 
JBG, which owns 12 hotels in the Washington metropolitan area, renovated the property in September 2013.  Improvements included upgrades to the hotel’s 393 guest rooms, lobby, and meeting space as well as adding a new executive lounge and six new studio suites.  


After the renovation, the hotel saw a boost in both occupancy and the average daily room rate, Mesa West Capital Assistant Vice President Daniel Tanner said in a statement.
“Our loan will give them the runway to continue to capitalize on the work they’ve started and continue to do there,” Tanner said.


This is Mesa West’s second financing on a JBG-owned hotel and its fourth in the D.C. metro area this year.  In March, the Los Angeles-based lender provided JBG with $27 million in first mortgage debt to refinance the 191-room Westin Reston Heights in Reston. Last week Mesa West funded two first mortgage loans totaling nearly $80 million to finance the acquisition of an office portfolio in Reston.
All four loans originated out of Mesa West’s New York City Office.


Nicholas Seidenberg and Michael Zelin of Eastdil Secured arranged the financing.

Related Stories

Virginia Business logo

HCA Virginia Health System starts construction on new emergency center in Loudoun County

Virginia Business logo

Partnership acquires five-story office building in Ballston

Virginia Business logo

Groundbreaking held for new Veterans Care Center in Fauquier County

Trending

13th annual Best Places to Work

Report: Air taxis could land Va. $16B in new biz by 2045

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Cox expands Myers’ role to East Coast

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Report: Air taxis could land Va. $16B in new biz by 2045

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Cox expands Myers’ role to East Coast

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk