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.
