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Hotel-Motel

Comfort Inn Towson

8801 Loch Raven Blvd, Towson, MD 21286

Listing Price: $10,000,000

Cap Rate
10.69%
Number of Rooms
185
RevPAR
$45
Gross SF
155,639
Price/Room
$54,054
Price/Gross SF
$64.25
Year Built
1984

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn Towson, a five-story limited service hotel located in Towson, Maryland. The hotel consists of 185 interior corridor rooms conveniently located off of Interstate 695. The hotel offers amenities such as a heated outdoor pool, fitness center and complimentary breakfast. Business amenities include a business center and 2,100 square feet of meeting space. An additional meeting space is used as a second meeting room or can be leased out. Each guest room is well-appointed and features a 42” flat-screen TV, work desk, mini refrigerator, coffee maker and closet. The Comfort Inn Towson is conveniently located 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 benefits 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

  • Recently Renovated in 2021 | Minimal PIP Needed
  • Located in The Charming Urban Suburban Mixed County Seat of Baltimore County Which Benefits From Strong Biomedical Industry
  • Great Visibility from Interstate 695
  • 4 Miles to Towson University | Maryland's Second Largest University
  • 7 Miles to Baltimore Museum of Art
  • 10 Miles to Downtown Baltimore | Notable Attractions Include: Baltimore Inner Harbor, M&T Bank Stadium, Oriole Park at Camden Yards and The Baltimore Convention Center

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Hotel-Motel

Comfort Inn Towson

Listing Price: $10,000,000

Cap Rate
10.69%
Number of Rooms
185
RevPAR
$45
Gross SF
155,639
Price/Room
$54,054
Price/Gross SF
$64.25
Year Built
1984

Investment Highlights

  • Recently Renovated in 2021 | Minimal PIP Needed
  • Located in The Charming Urban Suburban Mixed County Seat of Baltimore County Which Benefits From Strong Biomedical Industry
  • Great Visibility from Interstate 695
  • 4 Miles to Towson University | Maryland's Second Largest University
  • 7 Miles to Baltimore Museum of Art
  • 10 Miles to Downtown Baltimore | Notable Attractions Include: Baltimore Inner Harbor, M&T Bank Stadium, Oriole Park at Camden Yards and The Baltimore Convention Center

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn Towson, a five-story limited service hotel located in Towson, Maryland. The hotel consists of 185 interior corridor rooms conveniently located off of Interstate 695. The hotel offers amenities such as a heated outdoor pool, fitness center and complimentary breakfast. Business amenities include a business center and 2,100 square feet of meeting space. An additional meeting space is used as a second meeting room or can be leased out. Each guest room is well-appointed and features a 42” flat-screen TV, work desk, mini refrigerator, coffee maker and closet. The Comfort Inn Towson is conveniently located 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 benefits 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

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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