The owners of the Mark Center Hilton in Alexandria Virginia are looking to complete a land sale adjacent to the property to fund a renovation of the hotel. The hotel was built in the 1980’s and is not currently up to the brand standards. The land sale would be re-invested into the hotel’s PIP renovation. Along with the Hilton site, a portion of the IDA complex in the Mark Center could also be headed to market. The IDA parcel was originally planned to be an office building but never got off the ground. Both parcels were approved for a rezoning that could see them turned into residential or mixed-use developments. The Hilton hotel is managed by Davidson Hotels & Resorts.
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