Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the US this fall
Travelers will now be able to book more than 10,000 properties that Vacasa manages through Marriott's Homes & Villas by Marriott International platform
Educated, affluent suburb of DC offers many amenities