One of Australia’s largest hotel owners has made its first foray into the Washington, D.C., hotel market.
SB&G Hotel Group, the Melbourne-based hotel division of global fund manager SB&G Group, paid $19.65 million to acquire the Greenbelt Marriott, a 284-room hotel located northeast of Washington at 6400 Ivy Ln. in Greenbelt, Maryland. The allocated portion of the sales price for the real estate was $18.031 million, which is the price shown in…