Wingate by Wyndham Near
829 Elkridge Landing Road Baltimore MD 21090, Linthicum Heights, MD 21090
Call to check price and availability
182-key hotel near BWI Airport with value-add potential.
Type:Hospitality
Property size:
47,844 SFPrice / SF:
$334/SF- Added:
- Apr 1, 2025
- Days on Market:
- 416
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 829 Elkridge Landing Road Baltimore MD 21090
General Information
- Standard status
- Active
- Size
- 47,844 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1986
Listing agent Ronald H. Cohen License #NY 40CO0983987
Listing office Besen Partners (646) 424-5317
Listing date Apr 1, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Besen Partners
HighLights
- 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).
- Opportunity to improve ADR and RevPAR penetration, with projections of $4.5M - $4.6M in gross revenue.
- Potential for rebranding or dual‑brand conversion to capture multiple demand segments.
- BWI Airport's expansion and a growing corporate base support long‑term value appreciation.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Linthicum Heights
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.6866788
- Latitude
- 39.19743
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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 Road Baltimore MD 21090 Linthicum Heights, MD.
What is the asking price?
The asking price for this property is $16,000,000.
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).
