This space is an upscale American-style restaurant located at 8321 Baltimore Avenue, College Park, MD 20740, below the Cambria Hotel. Situated within the Cambria Hotel College Park, this restaurant offers a unique dining experience to both hotel guests and local customers.
Business & Property Description:
• This Restaurant space is a fully builtout space that spans 5,845 square feet inside the Cambria Hotel College Park, a collaboration between Southern Management Corporation and Choice Hotels International.
• The hotel boasts 150 rooms, a fitness center, and 1,350 square feet of conference space, along with the College Park Grill as its on-site, full-service restaurant.
• Adjacent to the restaurant, there is also an Orange Theory Fitness studio, providing additional amenities to guests.
• The space offers a wide-ranging upscale American-style menu, catering to diverse tastes and featuring a notable wood-burning oven, perfect for pizza enthusiasts.
• Customers frequently praise the exceptional quality of both the food and service, resulting in repeat visits and a loyal customer base.
• To further enhance customer loyalty, the restaurant operates a club membership program where customers earn points for every dollar spent, which can be converted into club dollars, providing additional incentives for repeat visits.
• The Restaurant space is part of the larger Greater College Park initiative, a $2 billion project aimed at revitalizing the campus and surrounding community with support from private and city, state, and federal partners.
• Private and semi-private areas are available to accommodate larger groups and special occasions, ensuring a smooth dining experience.
Key Features:
• The restaurant has the capacity to accommodate large parties, making it an ideal choice for special events and gatherings.
• With its strategic location and reputation for quality, the Restaurant presents a unique opportunity for prospective buyers seeking an upscale American-style restaurant.
Financials:
• Monthly Rent (All Inclusive): The total monthly rent for the property is $12,179, or 7.5% of gross sales.
• Liquor License: Class B, BH (On-Sale Only) M-S 10am-2am
• All assets required for the restaurant's operation will remain, with no cost for furniture, fixtures, and equipment.
Executive Summary-Property Highlights:
• With a seating capacity of 332, the College Park Grill offers a comfortable atmosphere with beautiful interior decor, including laminate and carpet flooring, pendant lighting, and well-maintained leather seating.
• The restaurant features 25 bar seats and 24 beer taps split with 2 lines, ensuring a variety of beverages for patrons. Additionally, the server station has an extra 12 beers on tap.
• Fully equipped with stainless steel appliances, a wine cooler, and 8 large TVs at the bar, the College Park Grill provides a modern and sophisticated dining environment.
• Special gatherings and events can be accommodated in the large bonus "meeting" room that seats 20, which is frequently utilized by UMD coaches, campus faculty, and staff. The room is equipped with a large TV for presentations or entertainment.
• As part of the Cambria Hotel College Park, the restaurant benefits from the presence of the hotel's 150 rooms, attracting a diverse customer base.
• The operation will be the food provider for all Hotel food service and will be allowed to provide room service for the Hotel as well.
Amenities:
• The College Park Grill benefits from a reliable heat/AC system, providing a comfortable environment for patrons.
• Being part of the Cambria Hotel College Park, guests can enjoy access to multiple dining options, a fitness center, and 1,350 square feet of conference space.
• Hotel guests staying at the Cambria Hotel College Park are charged $12 per night for parking with over 300 spots in the garage. The Hotel will allow free parking for 3 hours for all restaurant guests as well as employees of the restaurant.