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Classic Auction - Hospitality

Days Inn Hotel - Baltimore Inner Harbor

100 Hopkins Plaza, Baltimore, MD 21201

Under Contract
This asset was part of the May 26th 2021 sale event and is currently under contract.

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  • Asset Type
  • Real Estate
  • Property Type
  • Hospitality
  • Land Area
  • NA
  • Year Built
  • 1984
  • Year Renovated
  • 2015
  • Number of Floors
  • 9
  • Number of Buildings
  • 1
  • Hospitality Type
  • Full Service
  • Number of Rooms
  • 249 Rooms
  • Function Space Area
  • 1,000 Sq Ft

Days Inn Hotel - Baltimore Inner Harbor

Investment Highlights

Tour Dates: April 25th, May 3rd, 7th, 17th & 18th.

  • Fee Simple Interest Investment Opportunity Offered Below Replacement Cost
  • Offered Unencumbered by Brand, Management, and Debt
  • Other brand options include: Hyatt (Joie De Vive), Choice (Cambria), IHG (EVEN)
  • Opportunity to Reduce Expense Ratios to Industry Standards and Increase Rates Following the Completion of the Change-of-Ownership PIP and Renovations
  • Over $1.7 Million Spent in Capital Expenditures Since 2015
  • Dominant STR Market RevPAR Index Ranking
  • Days Inn Economy Brand Affiliation
  • AAA Location Surrounded by Robust & Diversified Year-Round Demand
  • Excellent Accessibility Less than Five Minutes from Interstate 95 (Main East Coast Highway) in Baltimore's Inner Harbor


 

Offering Summary

HREC Investment Advisors & RealINSIGHT Marketplace have been exclusively retained to represent the owner, and is pleased to offer to qualified investors the opportunity to acquire The Days Inn Hotel Baltimore Inner Harbor in Baltimore, MD. The 249-guestroom Days Inn Hotel Baltimore Inner Harbor is a nine-story hotel conveniently located directly across the street from the Baltimore Convention Center and Royal Farms Arena in the heart of the historic seaport and iconic landmark of the City of Baltimore, the Inner Harbor.

The Inner Harbor area contains a variety of restaurants, entertainment venues, attractions, and retails shops. Some of the attractions include the Baltimore Maritime Museum, Maryland Science Center, Port Discovery Childrens Museum, Reginald F. Lewis Museum of Maryland African American History & Culture, and the National Aquarium. Camden Yards (Home of the Baltimore Orioles) and M&T Bank Stadium (Home of the Ravens) are also just a short walk from the Hotel. In addition to leisure demand, the Hotel benefits from its central location in the economic center in Maryland (Baltimore), as well as the second-largest seaport in the Mid-Atlantic. Baltimore's unique blend of academic, government, and business institutions form the foundation for a diverse economy, with six key industry sectors presenting future growth opportunities for financial and professional services, health and bioscience technology, culture and tourism, information and creative services, logistics, and advanced manufacturing - all benefiting the Hotel's performance.

Given the highly dynamic nature of the surrounding trade area as well as the Property's central location in the Inner Harbor, this is an investment opportunity for buyers looking to acquire an asset with strong operational upside. Over $1.7 million in capital expenditures was spent since 2015 and following guestroom renovations, a new owner should be able to increase rates, further penetrating the market well beyond its current 117.3% index rank in the Nov 2020 TTM period (101.9% in YE 2019). The Hotel presents significant growth opportunities from both a top and bottom-line standpoint. Through streamlining expenses to industry standards, an investor will be able to drive revenue through to the bottom line and create significant cash return to equity. The Property is offered as fee simple, unencumbered by brand, management, and debt, at a significant discount to replacement cost.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Under Contract
This asset was part of the May 26th 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lynne Zink

    c/o Fisher Auction Company Inc.

    License: 020