Wingate by Wyndham Near
For Sale
Contact for pricing
829 Elkridge Landing Road, Baltimore, MD 21090
182-key hotel near BWI Airport with value-add potential.
Property Size47,844 SF
Price / SF$334.42
Days on Market508
Property Features for 829 Elkridge Landing Road
General Information
Standard status
Active
Size
47,844 SF
Property subtype
Hospitality
Zoning
W1BW
Occupancy
74%
Investment Type
Value Add
Net Operating Income
$1,529,508
Building Details
Year Built
1986
Year Renovated
2022
Buildings
1
Stories
5
Listing Agency:
Besen Partners
(646) 424-5317
Listed By:
Ronald H. Cohen · License #NY 40CO0983987
Source:
Crexi
Added: Apr 1, 2025
Changed: Aug 8
Last Checked: Aug 21 at 12:10PM
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
Investment Insights
Based on property information with market context.
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.
Key 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 21090, MD
10,623
Population
4,191
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
1,610
Density / Sq Mi
$124,688
Median Household Income
$67,525
Median Earnings
$1,910
Median Rent
$374,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
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).
