Just crossing the wires
: "Chesapeake Lodging Trust
announced today that it has entered into a definitive agreement to acquire the 204-room Courtyard Washington Capitol Hill/Navy Yard located in Washington, DC for a purchase price of $68 million, or approximately $333,000 per key." The hotel
, at New Jersey and L, SE, opened in spring 2006 along with its next door neighbor, the Capitol Hill Tower
co-op; both were developed by Valhal Corp. (whose principals then formed Ranger Properties in 2007). It will apparently remain a Courtyard; no word of what if any impact this sale would have on Capitol Hill Tower.