{"id":1004244398,"date":"2018-07-23T04:00:01","date_gmt":"2018-07-23T12:00:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004244398"},"modified":"2022-12-08T15:30:05","modified_gmt":"2022-12-08T23:30:05","slug":"nkf-capital-markets-arranges-sale-of-md-hilton","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/","title":{"rendered":"NKF Capital Markets Arranges Sale of MD Hilton"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004244431\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004244431\" data-attachment-id=\"1004244431\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/620-perry-parkway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1532094857&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"620 Perry Parkway\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg?w=400\" class=\"wp-image-1004244431 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004244431\" class=\"wp-caption-text\">Hilton Washington North Gaithersburg<\/p><\/div>\n<p>NKF Capital Markets has closed the sale of the Hilton Washington North Gaithersburg hotel, located in Gaithersburg, Md. Alfred Weissman Real Estate purchased the 301-key asset.<\/p>\n<p>The new buyer plans to implement an extensive capital improvements plan at the property, including renovations of the guestrooms and amenity spaces. Located at 620 Perry Parkway, the hotel features a fitness center, swimming pool, business center, meeting rooms, gift shop, bar, convenience store and Hertz Rent a Car. The 8-acre asset is situated off Interstate 270 and Maryland Route 355, providing access to Washington, D.C.,&nbsp;and Baltimore.&nbsp;<\/p>\n<p>NKF Capital Markets&#8217; Executive Managing Director&nbsp;Andy Kern, Senior Managing Director&nbsp;Edward Goldmeier, Managing Director&nbsp;David Altobello&nbsp;and Director of Financial Analysis&nbsp;Michael Meller,&nbsp;facilitated the sale.<\/p>\n<p><em>&#8220;Interest in the Hilton property was strong given the location in the Washington, DC metro area and the tremendous post-renovation upside of this institutional quality asset,&#8221;<\/em>&nbsp;Kern&nbsp;said in a prepared statement. <em>&#8220;The hotel has 15,600 square feet of conference space which provides the best meeting facilities in the market for corporate or social needs.&#8221;<\/em><\/p>\n<p>Earlier this year,&nbsp;NKF Capital Markets <a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-27m-loan-for-florida-hilton\/\">arranged a $26.6 million acquisition loan<\/a> for Hilton Melbourne Rialto Place, a 268-key, eight-story&nbsp;hotel in Melbourne, Fla.<\/p>\n<p><em>Image via Google Street View&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.<\/p>\n","protected":false},"author":746,"featured_media":1004244431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,11,21742,1615],"tags":[32805,36007],"class_list":["post-1004244398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-midatlantic","category-latest","category-washington-dc","tag-hilton","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NKF Capital Markets Arranges Sale of MD Hilton - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Capital Markets Arranges Sale of MD Hilton\" \/>\n<meta property=\"og:description\" content=\"The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-23T12:00:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:30:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/\",\"name\":\"NKF Capital Markets Arranges Sale of MD Hilton - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\",\"datePublished\":\"2018-07-23T12:00:01+00:00\",\"dateModified\":\"2022-12-08T23:30:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/620-Perry-Parkway.jpg\",\"width\":400,\"height\":310},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-arranges-sale-of-md-hilton\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NKF Capital Markets Arranges Sale of MD Hilton\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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