8 E Pleasant St | Baltimore, MD 21202
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- LoopNet Team
8 E Pleasant St
Baltimore, MD 21202
Home2 Suites by Hilton Baltimore Downtown, MD · Hospitality Property For Sale
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54,600 SF
INVESTMENT HIGHLIGHTS
- Downtown Baltimore investment opportunity to acquire a 95-room Home2 Suites by Hilton with tremendous upside through a multi-family conversion.
- Highly accessible asset near St. Paul Street, Route 40, Interstate 83, and the Lexington Market and Charles Center Metro stations.
- The subject property is being offered unencumbered of the Hilton Flag. Hilton advised ownership they will be terminating the Flag by the end of 2023.
- By the end of 2023, Baltimore hotels are forecasted to increase the RevPAR to 5.40%, 100 BPS over the national projection of 4.60%.
- Situated within steps of over 29.8 million square feet of office space and retail amenities, making this an ideal location for a multi-family asset.
- 15-day extension option available - see posted purchase agreement for details!
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 13 |
| Property Subtype | Hotel | Year Built/Renovated | 1962/2012 |
| Building Class | B | Parking Ratio | 0.16/1,000 SF |
| Lot Size | 0.22 AC | Corridor | Interior |
| Building Size | 54,600 SF | ||
| Zoning | C-5-HT | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 54,600 SF |
| No. Stories | 13 |
| Year Built/Renovated | 1962/2012 |
| Parking Ratio | 0.16/1,000 SF |
| Corridor | Interior |
| Zoning | C-5-HT |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
PROPERTY TAXES
| Parcel Number | 0581-003 | Improvements Assessment | $5,036,100 |
| Land Assessment | $481,300 | Total Assessment | $5,517,400 |
PROPERTY TAXES
Parcel Number
0581-003
Land Assessment
$481,300
Improvements Assessment
$5,036,100
Total Assessment
$5,517,400
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