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Hotel-Motel

Hampton Inn Development Opportunity

1002 Elkridge Landing Rd, Linthicum Heights, MD 21090

Listing Price: $1,500,000

Cap Rate
7.00%
Number of Rooms
81
RevPAR
$77
Gross SF
32,670
Price/Room
$18,519
Price/Gross SF
$45.91
Year Built
2023

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn Development Opportunity, consisting of land to develop a five-story, limited service, 81 room Hampton Inn hotel. The Hampton Inn Development Opportunity located at the intersection of Interstate 195 and State Route 295 in Baltimore, Maryland. The Baltimore Washington International Airport is 3 miles away. The proposed hotel to included amenities such as a lounge/bar, seasonal outdoor pool, fitness center and complimentary breakfast and business center. Each guest room is well-appointed and features a 40” flat-screen TV, work desk, mini refrigerator, coffee maker and closet. The Hampton Inn Development Opportunity is a 20 minute drive from Downtown Baltimore and several attractions, including The Walters Art Museum, National Aquarium, Horseshoe Casino and Civil War Museum, among others. Also located Downtown are Oriole Park at Camden Yards (home to MLB’s Baltimore Orioles) and M&T Bank Stadium (home to NFL’s Baltimore Ravens). The University of Maryland Baltimore, The University of Baltimore and Johns Hopkins University are all located within 10 miles of the property. There are several hospitals/medical centers within a short drive, including the University of Maryland Children’s Hospital, UM Baltimore Washington Medical Center, and The Johns Hopkins Hospital, which is ranked #3 among all hospitals in the nation. The property will benefit from its location in the Baltimore MSA, which boasts a strong biomedical industry, lower cost of living, and the 15th-busiest port in the nation.

Investment Highlights

  • Adjacent to BWI Airport (25M+ Passengers Per Year)
  • Short Drive to University of Maryland, Baltimore County
  • Located in the Baltimore MSA
  • The Baltimore Market Benefits from a Strong Biomedical Industry & Lower Cost of Living

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Hotel-Motel

Hampton Inn Development Opportunity

Listing Price: $1,500,000

Cap Rate
7.00%
Number of Rooms
81
RevPAR
$77
Gross SF
32,670
Price/Room
$18,519
Price/Gross SF
$45.91
Year Built
2023

Investment Highlights

  • Adjacent to BWI Airport (25M+ Passengers Per Year)
  • Short Drive to University of Maryland, Baltimore County
  • Located in the Baltimore MSA
  • The Baltimore Market Benefits from a Strong Biomedical Industry & Lower Cost of Living

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn Development Opportunity, consisting of land to develop a five-story, limited service, 81 room Hampton Inn hotel. The Hampton Inn Development Opportunity located at the intersection of Interstate 195 and State Route 295 in Baltimore, Maryland. The Baltimore Washington International Airport is 3 miles away. The proposed hotel to included amenities such as a lounge/bar, seasonal outdoor pool, fitness center and complimentary breakfast and business center. Each guest room is well-appointed and features a 40” flat-screen TV, work desk, mini refrigerator, coffee maker and closet. The Hampton Inn Development Opportunity is a 20 minute drive from Downtown Baltimore and several attractions, including The Walters Art Museum, National Aquarium, Horseshoe Casino and Civil War Museum, among others. Also located Downtown are Oriole Park at Camden Yards (home to MLB’s Baltimore Orioles) and M&T Bank Stadium (home to NFL’s Baltimore Ravens). The University of Maryland Baltimore, The University of Baltimore and Johns Hopkins University are all located within 10 miles of the property. There are several hospitals/medical centers within a short drive, including the University of Maryland Children’s Hospital, UM Baltimore Washington Medical Center, and The Johns Hopkins Hospital, which is ranked #3 among all hospitals in the nation. The property will benefit from its location in the Baltimore MSA, which boasts a strong biomedical industry, lower cost of living, and the 15th-busiest port in the nation.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): MD: 5005538

    Maryland

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