8500 Annapolis RdNew Carrollton, MD 20784

This exceptional 10-story, 137,620 sq. ft. hotel in New Carrollton, MD, presents a lucrative investment opportunity. Located just off I-95 and one mile from the New Carrollton Metro Station, it offers unparalleled access to Washington, D.C., and surrounding areas. The 198-room hotel, formerly a Four Points by Sheraton, includes 11 extended-stay rooms, a 10,000 sq. ft. banquet hall, restaurant, bar areas, and ample common spaces. The property sits on a 4.66-acre lot encompassing a separate parking deck (105,952 sq. ft.) and a shopping strip. The hotel is constructed of durable solid block and features interior corridors. The asking price is $19,500,000, significantly below replacement cost. Recent renovations exceeding $1 million include a new roof, over 120 new carpets, and new curtains currently being installed. The property's strategic location benefits from strong demand, enhanced by planned development in the area, including the Purple Line's projected route. The sale includes the hotel and parking deck, with potential for high-rise condominium conversion (up to 96 units). This is a rare chance to acquire a well-positioned hotel in a rapidly growing market, close to major landmarks, including the White House, National Mall, and Smithsonian Institution. The property is conveniently located near Ronald Reagan (DCA) and Baltimore/Washington International Thurgood Marshall (BWI) airports. The seller is an absentee owner.