5100 Falls. Rd - Hospitality FOR SALE


Baltimore, MD 21210- Cross Keys
$8,000,000 USD
212-812-5700
5100 Falls. Rd, Baltimore, MD for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/5
null | 5.2% Cap Rate

5100 Falls. Rd
Baltimore, MD 21210
Cross Keys


HIGHLIGHTS

  • Highly desirable Marriott brand affiliation
  • Unencumbered by management and debt
  • Excellent location with easy access to key demand generators

OVERVIEW

JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 148-room Delta Hotel by Marriott Baltimore North (the "Hotel" or "Property"). This opportunity allows for the acquisition of an upscale, Marriott-branded hotel in one of Maryland's most affluent areas. The Hotel converted to Delta by Marriott in 2019 after an extensive renovation, and is now witnessing a full ramp up after primarily being used to house Morgan State University students during 2020-2022 (Covid-19 pandemic years). As such, the Hotel's RevPAR CAGR has been a best-in-set 14.3% over the past three June T-12 periods. The Property is in a condominium with The Village of Cross Keys and offered fee simple, unencumbered of management, and at a significant discount to replace cost.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$34 USD /SF

# OF ROOMS

148

PRICE/ROOM

$54,054 {currency}

CAP RATE

5.2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delta Hotels Baltimore North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1973

PARKING SPACES

258

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

212-812-5700

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212-812-5700

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