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Annapolis hotel sells for $51M to Bethesda firm

August 15, 2023

A firm led by a former special forces officer and graduate of the U.S. Naval Academy has acquired the Westin Annapolis hotel for $51 million. The 225-room, 11-suite luxury property at 100 Westgate Circle sold last month to an entity of District Hospitality Partners, a private hospitality real estate investment trust (REIT) led by Fred W. Malek, a graduate of the Naval Academy who later served in Navy Special Forces. Malek is CEO of the Bethesda firm that has a portfolio of properties across the U.S., Mexico and the Caribbean, according to its website.

Article Source: Baltimore Business Journal

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