#United States #Baltimore #Residence Inn #Hodges Ward Elliott #American Hotel Income

Hodges Ward Elliott Completes Sale of Residence Inn Baltimore White Marsh

Hodges Ward Elliott, renowned as a leading boutique real estate capital markets advisor, has successfully facilitated the sale of the Residence Inn Baltimore White Marsh, a noteworthy extended-stay hotel that boasts 131 suites. Located strategically off I-95, this hotel serves as a vital accommodation option in one of Baltimore's primary commercial districts.

The transaction involved representation of an affiliate of the American Hotel Income Properties REIT LP (AHIP REIT). The deal was executed by an experienced team from HWE, comprising Clint Hodges and Nate Ries, who played pivotal roles throughout the negotiation process.

About the Residence Inn Baltimore White Marsh

The Residence Inn is not just a hotel, but a well-rounded experience for its guests. Featuring four floors, it includes an extensive range of amenities such as:

• - A modern fitness center
• - An inviting outdoor pool
• - A sports court for recreational activities
• - Versatile meeting rooms

o- Complimentary breakfast for all guests

Situated within the White Marsh Town Center development, this location is less than 15 miles from downtown Baltimore. It’s complemented by access to a robust network of retail options and substantial industrial and office space, encompassing more than 19 million square feet. The hotel's positioning caters effectively to varied clientele, including business travelers, government guests, and extended-stay visitors, as well as those attending sports events or leisure activities.

A Competitive Market Response

The sale received considerable attention from various buyers, reflecting not only the strength of the Residence Inn brand but also the increasing demand for extended-stay accommodations in the area. Nate Ries, of HWE, noted, "The competitive response we observed illustrates the attractiveness of the Residence Inn brand in a high-demand corridor. It highlights the desires of buyers keen on versatile extended-stay options."

Clint Hodges expressed gratitude for the trust placed in the HWE team by the seller, acknowledging the quality of collaboration throughout the process. "It was rewarding to guide this transaction, and we are eager to witness the buyer's ongoing success with the property," he stated.

About Hodges Ward Elliott

Hodges Ward Elliott (HWE) stands out in the real estate market, focusing on hotel investments and providing expert debt capital market services. With offices in major cities including Atlanta, Dallas, Denver, and London, the firm prides itself on building long-lasting client relationships. Over its 50-year history, HWE has handled transactions surpassing $100 billion, with a significant volume achieved since 2015.

The completion of this sale reinforces HWE's status as a leader in the hotel capital markets sector, and it underscores their commitment to excellence in every transaction. With a dedicated approach to client service, they continue to set benchmarks in the real estate industry, ensuring trust and satisfaction for all stakeholders involved.

As the hospitality industry evolves, Hodges Ward Elliott remains at the forefront, ready to tackle new challenges and opportunities in the dynamic market of hotel real estate.