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829 Elkridge Landing Rd, Unit Baltimore MD 21090 Linthicum Heights, MD 21090

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182-key hotel near BWI Airport with value-add potential.

Property size:
47,844 SF
Lot size:
1.91 Acres

Property Features for 829 Elkridge Landing Rd

General Information

Standard status
Active
Zoning
W1BW
Size
47,844 SF
Lot size
1.91 Acres

Building Details

Year built
1986

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Listing Contact
Ronald H. Cohen
Ronald H. Cohen
Source: Crexi

Listing Agency: Besen Partners Listing Agent: Ronald H. Cohen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Wingate by Wyndham Near BWI

The Wingate by Wyndham BWI Airport presents a high-visibility investment opportunity with 182 keys. Situated in the Baltimore-Washington International Airport (BWI) submarket, it benefits from consistent corporate, government, and airport-driven demand. The property is an acquisition opportunity for investors seeking a stable cash-flowing asset with significant value-add potential. The property is priced below replacement cost and provides immediate revenue upside through better revenue management, operational efficiencies, and potential rebranding opportunities. The property is currently absentee-run without third-party management, leading to inefficiencies in cost controls, revenue strategy, and ADR optimization. Financial performance indicates strong potential for repositioning. The hotel exceeds its competitive set in occupancy penetration (MPI >100%), but lags in ADR and RevPAR penetration (below 100%), demonstrating pricing and revenue management inefficiencies. At market-aligned performance, the hotel is projected to generate $4.5M - $4.6M in gross revenue. The property was formerly a Hampton Inn, presenting an opportunity for rebranding under multiple midscale franchise options. With 182 keys, there is also the potential for a dual-brand conversion. With BWI Airport’s $1.8B expansion, a growing corporate base, and a strong economic corridor, this investment offers both immediate cash flow and long-term value appreciation. The property size is 47844 square feet.
Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Linthicum Heights
County
Anne Arundel
State
Maryland
Longitude
-76.6866788
Latitude
39.19743

FAQs

What type of property is this?
Hotel - 182-key hotel near BWI Airport with value-add potential.
Where is this hotel located?
The property is located at 829 Elkridge Landing Rd, Unit Baltimore MD 21090 Linthicum Heights, MD.
What are key features of this property?
This property features: - High-visibility location in the strong Baltimore-Washington International Airport (BWI) submarket.; - Significant value-add potential through better revenue management and operational efficiencies.; - Priced substantially below replacement cost at $16,000,000 ($88K per key).
More about this property
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