Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 87-unit, SpringHill Suites Prince Frederick, located in Maryland. The subject property is ideally located on 4.48 acres and features 4 floors of well-maintained guest rooms. Common area amenities include complimentary continental breakfast, 24-hour front desk, free on-site parking, fitness center, vending machines, meeting rooms & banquet facilities. Each guest room is equipped with free Wi-Fi, desk with chair, iron & ironing board, flat-screen TV, microwave, refrigerator, in-room coffee & tea maker, and hairdryer. The SpringHill Suites is located 40 miles outside of Washington D.C., along State Rd-4 with close proximity to all demand generators. 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. The demographics for the metro is predominantly younger with 29% of individuals between the age of 25 and 44 years old. Education plays a large role in the economy and employment as there are many colleges and universities located within 25 miles, including the University of Maryland, Howard University, The George Washington University, Georgetown University, The American University, as well as many others. Additionally, the D.C. area features satellite campuses for out-of-state universities including Cornell University, Duke University, Pepperdine University, and University of California. 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. Two airports provide service for the area, Ronald Reagan Washington National Airport, 45 miles away, and the Dulles International Airport, 72 miles away.