Savills Studley’s Capital Markets National Hospitality Group, led by Marc Magazine, Tom Baker, Justin Magazine and Vikram Shah, advised Land of Opportunity, LLC and Hoffman Family, LLC on the sale of the Holiday Inn at Hoffman Town Center in Alexandria, VA to Alexandria, VA Hotel Partners, LLC.

The new owner is planning a comprehensive renovation of the currently closed 197-room Holiday Inn.

“The buyer expects to benefit from its upcoming renovations and convenient location within Alexandria's largest retail and entertainment center,” said Marc Magazine, Executive Managing Director of Savills Studley’s Hotel Group. “Hoffman Town Center is adjacent to the Eisenhower Avenue Metro Station and in close proximity to the U.S. Patent and Trademark Office campus and U.S. Federal District Courthouse.” The center is also to be the new home of the National Science Foundation.

Brendon Owen of Newmark worked with the Savills Studley team in representing seller.