Holiday Inn Express at the Stadiums – 123 Rooms

Value Added Acquisitions


  • Disciplined Acquisition
  • Margin Improvement
  • Cost-Effective (Re-) Development
  • Brand Relationship
  • Purchased a distressed, 40+ year old asset between two major sport stadiums in downtown Baltimore with revenues in sub $600,000 range
  • The Hotel was closed and extensive renovations were undertaken at the Hotel for 13 months
  • Renovation costs exceeded the building acquisition costs.
  • Hotel won the “Renovation of the Year” award from IHG in 2006
  • Annual revenues currently exceed $3,500,000, an increase of 483%
  • Current market value of the Hotel is over $16,000,000, an increase of over 280% post acquisition
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