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Rodeway Inn At Somers Cove Marina 700 Norris Harbor Dr 38 Room Hotel Crisfield, MD 21817 $1,702,700 CAD ($44,808 CAD/Room)

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Investment Highlights

TOP 3% IN CHOICE HOTELS

Executive Summary

38 Room Hotel with many upgrades. This is the only hotel in Crisfield that sits on the water with beautiful Somers Cove Marina views. Rooms have water fronts views with pool was renovated 2 years ago. In 2020 the hotel extended its lobby and made a 4 bedroom apartment/home for the owners/managers over top the lobby. In the last few years all room have been Knock down and painted. 18 rooms have been updated with new floors and walk in showers. Building has had new siding put on front of building and new composite decking. In 2022 Somers Cove Hotel became a Choice Hotel as the Rodeway Inn. Since then the hotel and owners have received multiple awards, including Gold & Platinum top Hotel!!! That means they were in the top 3% of all Choice Hotels. Hotel is adjacent Somers Cove Marina. Only water-front guest lodging in Crisfield, MD. 2.47 ac site on $3000/yr 50 yr ground lease, w/ 25 yr renewal option. Features in-ground pool; 2 bldgs, harbor & marina views. Crisfield is a beautiful waterfront community, Maryland's Blue Crab Capitol, Chesapeake Bay sportsmen's' destination.

Property Facts

Price	$1,702,700 CAD	Building Size	14,232 SF
Price Per Room	$44,808 CAD	No. Rooms	38
Sale Type	Investment	No. Stories	2
Sale Conditions	Ground Lease (Leased Fee) Business Value Included	Year Built/Renovated	1978/2025
Property Type	Hospitality	Parking Ratio	4.35/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.17 AC
Zoning	T-M - Hospitality

Price	$1,702,700 CAD
Price Per Room	$44,808 CAD
Sale Type	Investment
Sale Conditions	Ground Lease (Leased Fee) Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.17 AC
Building Size	14,232 SF
No. Rooms	38
No. Stories	2
Year Built/Renovated	1978/2025
Parking Ratio	4.35/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T-M - Hospitality