TMGOC Ventures has acquired the Bethesda North Marriott Hotel at 5701 Marinelli Road in North Bethesda, according to a company press release. A sale price was not disclosed.
The 455-room hotel is located adjacent to the Montgomery County Conference Center and about five miles from downtown Washington, D.C. The property sits within a growing corridor driven by life sciences, government contracting, and group and leisure travel demand, with nearby destinations including Pike & Rose and the University of Maryland Institute for Health Computing.
TMGOC completed the acquisition in partnership with an institutional investor and will continue operating the hotel under the Marriott flag, with Marriott International remaining as manager…