Observers of Washington real estate are likely aware that the principal owner of the CityCenter DC project is the real estate arm of the Qatari Investment Authority. It put $622 million into that project.
The principal investor in the District’s convention center hotel, a Marriott Marquis, is a sovereign wealth fund from Abu Dhabi.
The construction projects represent the two largest in the District and are among the largest on the East Coast at the moment. Now Middle Eastern investors have bought a massive stake in one of the Washington area’s most enticing development portfolios and another of its largest development projects.
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