HEI Hotels & Resorts, a Norwalk, Conn.-based hotel ownership and operating company, acquired the 234-suite Embassy Suites Tysons Corner in Northern Virginia's Fairfax County for an undisclosed amount.
The purchase of the eight-story, 234-suite property located about 15 miles west of Washington, D.C., was HEI's seventh acquisition of 2007. The company said it plans to embark on a $7 million renovation that will include all guest suites, bathrooms, corridors, lobby and public space, building exterior, and modernization of some back-of-the-house facilities and systems.
"We continue to have a healthy appetite for hotel purchases and expect to maintain our aggressive pace in 2008," said Steve Mendell, HEI's executive vice president-acquisitions and development.
The property offers 1,770 square feet of meeting space.
