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Embassy Suites in Northwest DC Sells at Auction

Summary by Connect CRE
Embassy Suites by Hilton at the Chevy Chase Pavilion near Friendship Heights Metro has sold at a foreclosure auction. PCCP LLC bid $12.25 million for the property at the sale, conducted by Alex Cooper Auctioneers, reported the Washington Business Journal. PCCP retained Alex Cooper after the hotel’s owner, an affiliate of Philadelphia’s Arden Group, allegedly defaulted on a $44.9 million loan it received as part of its January 2018 acquisition of…
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Embassy Suites in Northwest DC Sells at Auction

Embassy Suites by Hilton at the Chevy Chase Pavilion near Friendship Heights Metro has sold at a foreclosure auction. PCCP LLC bid $12.25 million for the property at the sale, conducted by Alex Cooper Auctioneers, reported the Washington Business Journal. PCCP retained Alex Cooper after the hotel’s owner, an affiliate of Philadelphia’s Arden Group, allegedly defaulted on a $44.9 million loan it received as part of its January 2018 acquisition of…

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Connect CRE broke the news in on Thursday, March 27, 2025.
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