Published On: Tue, Jul 23rd, 2019

For Sale: The Former estate of King Hussein, Dan Snyder in Washington

The price is $49 million. Current owner is Daniel Snyder, owner of the Washington Redskins, who bought the house in 2000 from Queen Noor for $9 million


The asking price for the 2,787-square-meter estate on the Potomac River is $49 million, the current owner is Dan Snyder, a businessman, and owner of the Washington Redskins football team, who bought the house in 2000 from Queen Noor for less than $ 9 million.

A mansion in the Washington area, formerly owned by King Hussein of Jordan, is on sale for $49 million. The 2,787-square-meter estate lies on the banks of the Potomac River on an area of ​​60 acres and provides maximum privacy to its residents.

The current owner is Daniel Snyder, a businessman, and owner of the Washington Redskins football team. Snyder bought the house in 2000 from Queen Noor, King Hussein’s widow, for the price of $8.64 million.  Snyder and his wife expanded the area and rebuilt the house, which now includes 4 floors and 9 bedrooms, inspired by 18th-century French castles.

The estate, which has been on the market since October, includes a stone driveway leading to the entrance and a master bedroom with a double bathroom, inspired by a spa. The bedroom extends across the fourth floor and also features a separate walk-in wardrobe and a spacious office. The living room has floor-to-ceiling windows and a balcony overlooking the river.

The lower floor of the house includes a games room, a wine cellar, and a home cinema theater. There is also a pool and a basketball court on the outside. The house also includes two sunrooms – one served as a breakfast room and the other as a gym. Apart from the main residence, there is a guest house with parking suitable for up to six cars, two bedrooms, a kitchen, separate living room, and dining room.

According to the estate agent responsible for the sale, Snyder and his wife decided to sell the house because they are building a new home in the area.

Daniel Snyder, as a student at the University of Maryland, he established a successful own business, leasing private jets to wealthy college students.

In 1989, Snyder established a business partnership with his sister Michelle the Snyder Communications LP. The pair made a great success taking it public in September 1996. With the stock flotation, Daniel Snyder earned the distinction of becoming the youngest ever CEO of a New York Stock Exchange-listed company, aged just 32.

With the public backing Snyder continued to drive the company to rapid growth through a string of aggressive acquisitions, till by 1998, the company had an annual turnover of $1 billion and employed 12,000 people.

Snyder Communications were the subject of a takeover by the massive French advertising and marketing services group Havas, who paid more than $2 billion for the company, at that time the largest transaction in of the advertising and marketing industry’s history. Daniel Snyder walked away from the deal with an estimated be $300 million.

One year previously, Snyder had acquired the Washington Redskins as well as the legendary Jack Kent Cooke Stadium where the team played for $800 million. Within the space of a few years, he sold 15% of the club to real estate developer Dwight Schar, 15% to Florida based financier Robert Rothman and 5% to Frederick W. Smith, owner and founder of Federal Express with the stadium now be known as the federal express. Snyder retains a 65% ownership interest in the club has proved more than half of its investment by selling off shares.

 

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