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    Somewhere in Washington, D.C., there must be a hidden office with a frosted glass window on the door that reads, “The Department of Really Dumb Ideas.” Over the years, both major U.S. political parties have taken long-term leases on that space—often at the same time.

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    The Scottsdale-based group purchased MacArthur Place, a 64-key hotel in California. The new owner intends to upgrade and rebrand the hotel as L’Auberge de Sonoma.

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    Cushman & Wakefield’s advisory team of Tony Jones and Ryan Levy worked on behalf of the long-term tenant in the lease negotiations.

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    HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.

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