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Hotel-Motel

Hampton Inn Lexington Park

22211 Three Notch Rd, Lexington Park, MD 20653

Listing Price: $11,500,000

Cap Rate
8.60%
Number of Rooms
111
RevPAR
$68
Gross SF
61,748
Price/Room
$103,604
RRM
3.85
Price/Gross SF
$186.24
Year Built
1999

Investment Overview

Marcus & Millichap are pleased to offer for sale a fee simple interest in the 111-unit, Hampton Inn Lexington Park, located in Lexington Park, Maryland. The subject property is ideally located on 2.3 acres and features 5 floors of well maintained guest rooms. Common area amenities include complimentary hot breakfast, 24-hour front desk, fitness center, business center, guest laundry facilities, seasonal outdoor swimming pool, and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, refrigerator, microwave, hairdryer, private bathroom, iron & ironing board. Select rooms features a sofa bed for additional sleeping arrangements and seating area. The Hampton Inn is conveniently located in Lexington Park directly across from the Patuxent River Naval Air Station/Trapnell Field, a large Naval airbase located along the Patuxent River. The 14,500-acre base is a major demand generator for the area and employs 800 military personnel and civilians. Nearby, visitors can visit the Patuxent River Naval Air Museum and immerse themselves in the history of the naval aviation. Other demand generators in the area include many parks and recreational activities including Greenwell State Park, Elm’s Beach Park and Saint Mary’s State Park. Lexington is situated 65 miles outside of Washington D.C., which offers major metro attractions. The Washington, D.C. metro is saturated by a considerable amount of government positions as well as business and professional services, including many Fortune 500 companies. Top employers for the area include Capital One Financial, Fannie Mae, Inova Health, and Lockheed Martin. Other notable attractions in the D.C. area include the White House, Lincoln Memorial, and Washington Monument, all of which are surrounded by public parks and landscaped areas. For traveling to the area, Ronald Reagan Washington National Airport, 67 miles away, offers daily flights from major airlines including JetBlue, Southwest, United, Delta, and American Airlines.

Investment Highlights

  • Fee simple interest in the 111-unit, Hampton Inn Lexington Park, located in Lexington Park, Maryland
  • Close proximity to all demand generators | Restaurants, Retail, Entertainment, Parks, & More
  • Located directly across from Patuxent River Naval Air Station/Trapnell Field, a14,500-acre naval base | Employs 800+ military personnel and civillians
  • Washington D.C. is less than 70 miles away | Major metro attractions including universities, government buildings, hospitals, entertainment & more
  • US Navy has entered into a $677.2MM contract with Trexton Aviation to develop a new line of training aircrafts which will be managed at the Patuxent River Naval Air Station

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Hotel-Motel

Hampton Inn Lexington Park

Listing Price: $11,500,000

Cap Rate
8.60%
Number of Rooms
111
RevPAR
$68
Gross SF
61,748
Price/Room
$103,604
RRM
3.85
Price/Gross SF
$186.24
Year Built
1999

Investment Highlights

  • Fee simple interest in the 111-unit, Hampton Inn Lexington Park, located in Lexington Park, Maryland
  • Close proximity to all demand generators | Restaurants, Retail, Entertainment, Parks, & More
  • Located directly across from Patuxent River Naval Air Station/Trapnell Field, a14,500-acre naval base | Employs 800+ military personnel and civillians
  • Washington D.C. is less than 70 miles away | Major metro attractions including universities, government buildings, hospitals, entertainment & more
  • US Navy has entered into a $677.2MM contract with Trexton Aviation to develop a new line of training aircrafts which will be managed at the Patuxent River Naval Air Station

Investment Overview

Marcus & Millichap are pleased to offer for sale a fee simple interest in the 111-unit, Hampton Inn Lexington Park, located in Lexington Park, Maryland. The subject property is ideally located on 2.3 acres and features 5 floors of well maintained guest rooms. Common area amenities include complimentary hot breakfast, 24-hour front desk, fitness center, business center, guest laundry facilities, seasonal outdoor swimming pool, and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, refrigerator, microwave, hairdryer, private bathroom, iron & ironing board. Select rooms features a sofa bed for additional sleeping arrangements and seating area. The Hampton Inn is conveniently located in Lexington Park directly across from the Patuxent River Naval Air Station/Trapnell Field, a large Naval airbase located along the Patuxent River. The 14,500-acre base is a major demand generator for the area and employs 800 military personnel and civilians. Nearby, visitors can visit the Patuxent River Naval Air Museum and immerse themselves in the history of the naval aviation. Other demand generators in the area include many parks and recreational activities including Greenwell State Park, Elm’s Beach Park and Saint Mary’s State Park. Lexington is situated 65 miles outside of Washington D.C., which offers major metro attractions. The Washington, D.C. metro is saturated by a considerable amount of government positions as well as business and professional services, including many Fortune 500 companies. Top employers for the area include Capital One Financial, Fannie Mae, Inova Health, and Lockheed Martin. Other notable attractions in the D.C. area include the White House, Lincoln Memorial, and Washington Monument, all of which are surrounded by public parks and landscaped areas. For traveling to the area, Ronald Reagan Washington National Airport, 67 miles away, offers daily flights from major airlines including JetBlue, Southwest, United, Delta, and American Airlines.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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