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SAK Developers acquires Staybridge Suites in Tysons-McLean, VA

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

SAK Developers acquires Staybridge Suites in Tysons-McLean, VA

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.

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  • Policy shifts and trade tensions shaped the U.S. hospitality industry.
  • A congressional deadlock triggered a federal shutdown from Oct. 1 to Nov. 12.
  • Visa limitations and the immigration crackdown dampened international travel.

THE U.S. HOSPITALITY industry navigated a year of policy shifts, leadership changes, trade tensions and reflection. From Washington’s decisions affecting travel and tourism to industry gatherings and the loss of influential figures, these stories dominated conversation and shaped the sector.

Policy uncertainty took center stage as Washington ground to a halt. A congressional deadlock over healthcare subsidies and spending priorities triggered a federal government shutdown that began on Oct. 1 and lasted until Nov. 12. The U.S. Travel Association warned the shutdown could cost the travel economy up to $1 billion per week, citing disruptions at federal agencies and the Transportation Security Administration. Industry leaders said prolonged gridlock would further strain hotels already facing rising costs and workforce challenges.

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