Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Baltimore County Holiday Inn Express & Suites sold for $10M
An 86-room Holiday Inn Express & Suites in Owings Mills, Maryland, has been sold for $10.15 million. Located at 11509 Red Run Boulevard, the hotel, built in 2018, sits on 5.71 acres and offers amenities such as a fitness center, business center, and meeting facilities. It is located off Interstate 795, 20 miles from downtown Baltimore.
“We procured over 10 offers and successfully transacted with an out of state buyer,” said Jack Davis, senior vice president of investments at Marcus & Millichap. “The hotel market continues to remain steady despite outside economic factors.”
Davis, Gordon Allred, Joce Messinger, Karianne Cibello, Zachary Walsh and Andy Patel, investment specialists in Marcus & Millichap’s Baltimore, Charleston, Inland Empire and Palm Springs offices, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Brian Hosey, Broker of Record in Maryland, assisted in closing the transaction.
- ◦Sale/Acquisition
