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Hotel-Motel

Holiday Inn Express & Suites Owings Mills Baltimore Area

11509 Red Run Blvd, Owings Mills, MD 21117

Listing Price: $11,250,000

Cap Rate
7.89%
Number of Rooms
86
RevPAR
$83
Price/Room
$130,814
RRM
4.32
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Holiday Inn Express & Suites Owings Mill Baltimore Area, located in Owings Mills, Maryland. The subject property is ideally located on 5.71 acres and features 4 floors of well maintained guest rooms. Common area amenities include fitness center, business center, meeting & banquet facilities, 24-hour front desk, shared lounge & TV area, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, coffee & tea maker, desk with chair, and private bathroom with hairdryer. The Holiday Inn is ideally located in Owings Mills, situated just over 20 miles outside of downtown Baltimore. The metropolitan area is immersed with universities, medical centers, port activity, entertainment and much more A large number of corporate offices reside in Baltimore including Under Armour Global Headquarters, Exelon, OneMain Financial, Morgan Stanley, Pandora Jewelry, WillScot, and many more. Nearby medical centers include Mercy Medical Center, University of Maryland Baltimore, Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, Sinai Hospital, Ascension St, Agnes Hospital, as well as many others in the surrounding metro area. Baltimore is also home to many universities including University of Maryland at Baltimore, Johns Hopkins, Loyola University Maryland, and Morgan State University. Closer to the subject property, there are an abundance of retail, entertainment, and dining options are located within 10 miles of the property. For traveling to the area, the Baltimore/Washington International Thurgood Marshall Airport is located 23 miles away and offers flights to more than 18 million passengers annually.

Investment Highlights

  • Fee simple interest in the 86-unit, Holiday Inn Express & Suites Owings Mills Baltimore Area, located in Owings Mills, MD
  • Conveniently located off I-795 | Close proximity to all demand generators
  • Universities | Stevenson University, University of Maryland at Baltimore, Johns Hopkins, Loyola University Maryland, Morgan State University
  • Nearby Demand Generators | National Aquarium, Port Discovery Children's Museum, American Visionary Art Museum, Baltimore Museum of Industry, Edgar Allen Poe House & Museum, Baltimore Convention Center, The Maryland Zoo in Baltimore
  • Corporate Offices | Morgan Stanley, Under Armour Global Headquarters, Exelon, OneMain Financial, Pandora Jewlery & More
  • Baltimore/Washington International Thurgood Marshall Airport, 23 miles away, provides service to over 18 million passengers annually

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Financing By

Hotel-Motel

Holiday Inn Express & Suites Owings Mills Baltimore Area

Listing Price: $11,250,000

Cap Rate
7.89%
Number of Rooms
86
RevPAR
$83
Price/Room
$130,814
RRM
4.32
Year Built
2018

Investment Highlights

  • Fee simple interest in the 86-unit, Holiday Inn Express & Suites Owings Mills Baltimore Area, located in Owings Mills, MD
  • Conveniently located off I-795 | Close proximity to all demand generators
  • Universities | Stevenson University, University of Maryland at Baltimore, Johns Hopkins, Loyola University Maryland, Morgan State University
  • Nearby Demand Generators | National Aquarium, Port Discovery Children's Museum, American Visionary Art Museum, Baltimore Museum of Industry, Edgar Allen Poe House & Museum, Baltimore Convention Center, The Maryland Zoo in Baltimore
  • Corporate Offices | Morgan Stanley, Under Armour Global Headquarters, Exelon, OneMain Financial, Pandora Jewlery & More
  • Baltimore/Washington International Thurgood Marshall Airport, 23 miles away, provides service to over 18 million passengers annually

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Holiday Inn Express & Suites Owings Mill Baltimore Area, located in Owings Mills, Maryland. The subject property is ideally located on 5.71 acres and features 4 floors of well maintained guest rooms. Common area amenities include fitness center, business center, meeting & banquet facilities, 24-hour front desk, shared lounge & TV area, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, coffee & tea maker, desk with chair, and private bathroom with hairdryer. The Holiday Inn is ideally located in Owings Mills, situated just over 20 miles outside of downtown Baltimore. The metropolitan area is immersed with universities, medical centers, port activity, entertainment and much more A large number of corporate offices reside in Baltimore including Under Armour Global Headquarters, Exelon, OneMain Financial, Morgan Stanley, Pandora Jewelry, WillScot, and many more. Nearby medical centers include Mercy Medical Center, University of Maryland Baltimore, Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, Sinai Hospital, Ascension St, Agnes Hospital, as well as many others in the surrounding metro area. Baltimore is also home to many universities including University of Maryland at Baltimore, Johns Hopkins, Loyola University Maryland, and Morgan State University. Closer to the subject property, there are an abundance of retail, entertainment, and dining options are located within 10 miles of the property. For traveling to the area, the Baltimore/Washington International Thurgood Marshall Airport is located 23 miles away and offers flights to more than 18 million passengers annually.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

Financing By

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