Description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 208-room Hyatt Place Baltimore Inner Harbor (the “Hotel” or “Property”). Opened in 2014, this Hotel occupies a premier address, positioned within the vibrant Harbor East neighborhood, adjacent to the Inner Harbor promenade at the epicenter of Baltimore’s most walkable and amenity-rich urban submarket. The Property features superior guest amenities including an indoor pool, fitness center, 1,640 square feet of meeting space, and three distinct food and beverage outlets: The Placery lobby bar serving lunch and dinner, a complimentary Breakfast Bar, and The Market offering 24-hour grab-and-go options. Strategically located within walking distance of the National Aquarium, Maryland Science Center, Baltimore Convention Center, M&T Bank Stadium, and Oriole Park at Camden Yards, the Hotel captures demand from Baltimore’s recession-resistant economy anchored by Johns Hopkins University, Johns Hopkins Medicine, and a thriving tourism sector generating over $4 billion in annual domestic travel spending.

The Hotel presents a compelling value-add investment opportunity in a market with high barriers to entry and limited new supply. Post cycle renovation, the Property should emerge positioned to significantly increase RevPAR penetration given upgrades along with superior all-suite layout. New ownership and management should be able to boost ADR with its more modern product along with new hands-on strategies, helping increase profitability. This offering represents a rare chance to acquire an asset at the heart of over $3 billion in active waterfront redevelopment, including the $900 million Harborplace project directly adjacent to the Property and Baltimore’s first population growth since 2014, ensuring long-term demand appreciation and sustained upside potential.

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