Business

Gaithersburg Hotel Sells For $6.5 Million

Kalyan Hospitality, a Virginia-based hotel ownership and management group, has announced the acquisition of the SpringHill Suites by Marriott Gaithersburg– located at 9715 Washingtonian Blvd in Gaithersburg. Maryland Newsletters reports the sale was for $6.5 million.

Kalyan writes that the newly acquired 162-room property is located “near major employers, high-tech corridors, and popular destinations such as RIO Lakefront, Downtown Crown Shopping Center, and Washington, D.C. This all-suite hotel offers guests a perfect blend of comfort and functionality with spacious accommodations, complimentary breakfast, a 24-hour fitness center, and modern meeting space.”

“Our team is excited to welcome the SpringHill Suites Gaithersburg into the Kalyan portfolio,” said Nick Patel, CEO of Kalyan Hospitality. “This property fits perfectly with our vision to grow in dynamic markets while upholding the exceptional standards of service and hospitality that Marriott guests expect.”

Kalyan Hospitality plans to focus on operational enhancements and team development while maintaining the property’s excellent reputation within the Marriott brand. Learn more about the hotel here.