Olivia Stevenson

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Electra America Hospitality Group has acquired a 1980s-vintage hotel in Old Town Alexandria, Virginia, with plans to give the property a serious facelift as it looks to bring a new upscale option to the area amid an improving hospitality market.</p></div></div>

United States

Hospitality

Electra America Hospitality Group Acquires Holiday Inn & Suites With $36 Million Renovation On Deck

New Owners Plan Extensive Remake of Old Town Alexandria Hotel

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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New Owners Plan Extensive Remake of Old Town Alexandria Hotel

Electra America Hospitality Group Acquires Holiday Inn & Suites With $36 Million Renovation On Deck

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