SAK Developers acquires Staybridge Suites in Tysons-McLean, VA

SAK is led by founders Waheed Ashiq, Vipul Kapila and Khurram Sindhu

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SAK Developers
SAK Developers recently acquired the 142-key, 5-story Staybridge Suites Tysons-McLean in Virginia.

SAK DEVELOPERS RECENTLY acquired Staybridge Suites Tysons-McLean in Tysons-McLean, Virginia for an undisclosed amount. SAK is led by founding partners Waheed Ashiq, Vipul Kapila, and Khurram Sindhu.

Hunter Hotel Advisors facilitated the sale of the 142-key, 5-story property. The hotel in downtown McLean is near Tysons Corner with numerous corporate demand generators and major government agencies, Hunter said in a statement.

David Perrin, senior vice president of Hunter, represented the institutional seller.

“We’re thrilled to announce our latest mid-Atlantic closing with the Staybridge Suites Tysons-McLean,” Perrin said. “The acquisition marks an excellent opportunity for the buyer to further expand their D.C. Metro portfolio and capitalize on the unique location and dynamic demand centered around this hotel. We truly appreciate both the buyer and seller’s trust in Hunter to manage this transaction, especially in the current challenging market conditions.”

Whitestone Capital and PJD Capital recently acquired the 152-room Holiday Inn East Mountain in Wilkes-Barre, Pennsylvania, marking their inaugural joint venture. HOS Management bought the 66-key Residence Inn Savannah Midtown in Georgia and NexGen Hotels acquired the 137-room Hotel Versey in Chicago, Illinois.