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Hotel-Motel

SpringHill Suites Prince Frederick

75 Sherry Ln, Prince Frederick, MD 20678

Listing Price: $10,000,000

Cap Rate
8.34%
Number of Rooms
87
RevPAR
$90
Gross SF
48,000
Price/Room
$114,943
RRM
3.88
Price/Gross SF
$208.33
Year Built
2007

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.

Investment Highlights

  • Fee simple interest in the 87-unit, SpringHill Suites Prince Frederick, located in Maryland
  • Washington D.C. is located 40 miles away | U.S. Capital metro area with government buildings, entertainment, historical attractions, & more
  • Conveniently located off State Rd-4 | Close proximity to demand generators and walking distance to restaurants & retail
  • CalvertHealth Medical Center, 2.4 miles away, is the largest employer in the county with more than 1,300 employee

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Hotel-Motel

SpringHill Suites Prince Frederick

Listing Price: $10,000,000

Cap Rate
8.34%
Number of Rooms
87
RevPAR
$90
Gross SF
48,000
Price/Room
$114,943
RRM
3.88
Price/Gross SF
$208.33
Year Built
2007

Investment Highlights

  • Fee simple interest in the 87-unit, SpringHill Suites Prince Frederick, located in Maryland
  • Washington D.C. is located 40 miles away | U.S. Capital metro area with government buildings, entertainment, historical attractions, & more
  • Conveniently located off State Rd-4 | Close proximity to demand generators and walking distance to restaurants & retail
  • CalvertHealth Medical Center, 2.4 miles away, is the largest employer in the county with more than 1,300 employee

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.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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