Dejia buys first US hotel property in Virginia for $133 million

JLL has sold the Lansdowne Resort in Leesburg, Virginia on behalf of LaSalle Hotel Properties to Dejia, a first-time U.S. hotel investor, for $133 million.

Managing Director Robert Webster, EVP Tim Southard and VP John Harper led the JLL team on the 296-guestroom property transaction.

“Investors are paying more attention to assets in the Washington, D.C. metro area due to improving market fundamentals,” Webster said in a statement. “The size of this resort, along with the luxurious amenities it offers guests, presented a valuable opportunity to own an iconic property in a spectacular location.”

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The Lansdowne Resort includes five food and beverage outlets, 55,000 square feet of meeting space, 45 holes of golf, three tennis courts, five pools, a fitness center and a 12,000-square-foot spa.

The resort is situated on a 476-acre site overlooking the Potomac River, located 15 minutes from Dulles International Airport and 35 minutes from Washington, DC.

Part of a Trend

Dejia’s purchase of the Lansdowne Resort comes amidst a recent surge in Asian investment firms’ American hotel purchases. In response to the record-breaking uptick in Chinese travel, Chinese firms, including HNA Group and Anbang Insurance Group, intend to profit from tourists’ expenses.

Former aviation company HNA Group purchased a 25-percent stake in Hilton Worldwide Holdings last October, making them the largest stakeholder for the hotel company. And not only did Anbang land a $5 billion purchase of 15 American hotels in September 2016, but also it now owns New York’s Waldorf Astoria as of 2015. The $2 billion deal has been recorded as the highest price ever paid for an American hotel.

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