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Browse More Listings in Hotel & Motel For Sale, Baltimore, MD or Maryland

Hotel / Motel For Sale

Quality Inn

102 - 110 St Paul Street, Baltimore, MD 21202

Price:
$14,999,000
No. Rooms:
96
Building Size:
55,763 SF
Price/Room:
$156,239.58
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Construction Status:
Under Construction
No. Stories:
7
Year Built:
2008
Lot Size:
0.18 AC
Tax ID / APN #:
04-010623006 & 006A
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Last Verified 11/1/2009 Listing ID 15553847

Highlights

LOCATION, LOCATION, LOCATION
1yr Projection: ADR $145.60 & Occupy 68%
Stabilized Projection: ADR $154.47 & Occupy 76%

Meeting Room (1.336sq ft) + Retail/Restaurant Space to be leased out
Cushman & Wakefield 10yr Projections available upon registration
Buyer/Broker need to fill in the attached Registration Form and send it back to me

Description

96 rooms conversion & renovation of an existing building, seven story limited service hotel. Cushman & Wakefield appraisal (11/29/07) came in at $16,100,000 upon completion & $18,000,000 upon stabilization. Opening early Feb 2009. Public Utilities. - NO Co Broke

The subject is well located in downtown Baltimore, several blocks north of the Inner Harbor area, Camden Yards Baseball Field, and numerous other recreational amenities. The subject property is located on the southwest quadrant of the intersection formed by St. Paul Street and East Lexington Street.

Room Mix Information

Description	No. Rooms
King	59
Double/Double	36
Double	1

Map of 102 - 110 St Paul Street, Baltimore, MD 21202 (Baltimore City County)

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Presented by

Coldwell Banker Select Professionals

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Contact Listing Broker

Ajaykumar Patel (717) 756-7971

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Created 2/7/2008

Additional Information for 102 Saint Paul Street, Baltimore, MD 21202

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 102 - 110 St Paul Street, Baltimore, MD 21202

Nearby Recently Sold Hotel & Motel propertiesSearch all recently sold commercial real estate

Economy/Limited Service
Sold 3Q 2005
Full Service
Sold 2Q 2009

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Quality Inn

102 - 110 St Paul Street, Baltimore, MD, 21202