Key Bridge Marriott

ROSSLYN, VA–Bethesda, MD-based Host Hotels & Resorts announced in its earnings call that it is under contract to sell the Key Bridge Marriott for $190 million, including $8 million for FF&E replacement funds. The sale is expected to close by the end of the first quarter 2018, subject to customary closing conditions. The buyer, according to Host Hotels, is expected to redevelop the site for retail, residential and lodging.