Boston Properties sells stake in Marriott International's headquarters asset for $430 million

Boston Properties sold a stake in the Marriott International headquarters property located in Bethesda, Maryland, for approximately $430 million, as reported by media outlets. The transaction involves the 370,000-square-foot global headquarters building, which Marriott International has occupied since 2014. Boston Properties had previously developed and retained an ownership interest in the asset before this partial divestment. The buyer's identity and the exact size of the stake sold were not disclosed in the report. The deal underscores ongoing investor appetite for high-quality, net-leased office assets with investment-grade tenants like Marriott International.

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Seller

Marriott International

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Marriott International is a global hospitality company operating and franchising a broad portfolio of hotels and lodging facilities across numerous brands worldwide. It focuses on providing diverse travel experiences, from luxury resorts to extended-stay accommodations, supported by its Marriott Bonvoy loyalty program and extensive global presence.

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Boston Properties

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