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News release

WASHINGTON

Luxury Resort Brings Investor to DC Suburb

JLL arranges $133 million sale of the Lansdowne Resort


​JLL today announced it arranged the sale of the Lansdowne Resort in Leesburg, Virginia on behalf of LaSalle Hotel Properties. Dejia LLC, a first-time U.S. hotel investor, purchased the 296-key property for $133 million.

Managing Director Robert Webster, Executive Vice President Tim Southard and Vice President John Harper led the JLL team on the transaction.

"Investors are paying more attention to assets in the Washington DC metro area due to improving market fundamentals," said Webster. "The size of this resort, along with the luxurious amenities it offers guests, presented a valuable opportunity to own an iconic property in a spectacular location."

The Lansdowne Resort includes five food and beverage outlets, 55,000 square feet of meeting space, 45 holes of golf, three tennis courts, five pools, a fitness center and a 12,000-square-foot spa. The resort is situated on a 476-acre site overlooking the Potomac River, located just 15 minutes from Dulles International Airport and 35 minutes from Washington, DC.

JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling more than $77.5 billion worldwide. Between negotiating property deals, the group's 350-person global team also closed more than 5,300 advisory, valuation and asset management assignments. To find out more visit: www.jll.com/hospitality

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.