Boston Properties has sold a stake in Marriott International’s headquarters at a valuation of approximately $430 million, according to media outlets.
The transaction involves the property located in Bethesda, Maryland, which serves as the global headquarters for Marriott International. Boston Properties, often referred to as BXP, had previously developed and retained an ownership interest in the asset.
Details on the size of the stake sold and the identity of the buyer were not disclosed. The deal reflects continued investor interest in high-quality, net-leased office assets anchored by investment-grade tenants.
The sale comes as office landlords continue to recycle capital and reposition portfolios amid shifting market conditions and evolving demand for office space.
