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Delta Hotels Baltimore North 5100 Falls. Rd 148 Room Hotel Baltimore, MD 21210 $11,167,360 CAD ($75,455 CAD/Room)
INVESTMENT HIGHLIGHTS
- Highly desirable Marriott brand affiliation
- Excellent location with easy access to key demand generators
- Unencumbered by management and debt
EXECUTIVE SUMMARY
JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 148-room Delta Hotel by Marriott Baltimore North (the "Hotel" or "Property"). This opportunity allows for the acquisition of an upscale, Marriott-branded hotel in one of Maryland's most affluent areas. The Hotel converted to Delta by Marriott in 2019 after an extensive renovation, and is now witnessing a full ramp up after primarily being used to house Morgan State University students during 2020-2022 (Covid-19 pandemic years). As such, the Hotel's RevPAR CAGR has been a best-in-set 14.3% over the past three June T-12 periods. The Property is in a condominium with The Village of Cross Keys and offered fee simple, unencumbered of management, and at a significant discount to replace cost.
PROPERTY FACTS
| Price | $11,167,360 CAD | Building Size | 232,676 SF |
| Price Per Room | $75,455 CAD | No. Rooms | 148 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1973/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.74/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 11.49 AC | ||
| Zoning | C-2 - Community Commercial District | ||
| Price | $11,167,360 CAD |
| Price Per Room | $75,455 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 11.49 AC |
| Building Size | 232,676 SF |
| No. Rooms | 148 |
| No. Stories | 4 |
| Year Built/Renovated | 1973/2019 |
| Parking Ratio | 1.74/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - Community Commercial District |
AMENITIES
- Business Center
- Fitness Center
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 13 | $305.71 CAD | - |
| Guest Room | 135 | $259.64 CAD | - |
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Delta Hotels Baltimore North | 5100 Falls. Rd
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