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Hotel Indigo Baltimore Downtown – Image Credit JLL
The Hotel Indigo Baltimore Downtown, a 162-room property, is now available for purchase, presenting a unique investment opportunity in a high-demand market.
The Hotel Indigo Baltimore Downtown, located in the heart of Baltimore, has been listed for sale. JLL’s Hotels & Hospitality Group has been appointed as the exclusive agent to manage the sale of this 162-room hotel. The property is strategically positioned in Baltimore’s downtown area, benefiting from the city’s robust economy, which prominent educational institutions and healthcare systems support.
Location and Economic Context
Baltimore’s economy is often described as “recession-proof,” largely due to its strong educational and medical sectors. The Hotel Indigo is ideally located to take advantage of this economic stability, being near major institutions such as Johns Hopkins University and the University of Maryland Medical Center. Additionally, the hotel is near popular tourist attractions, including the MT&T Bank Stadium and the National Aquarium, which further enhances its appeal to potential investors.
Property Features
Originally built in 1907, the Hotel Indigo Baltimore Downtown combines historic charm with modern amenities. The property spans 0.37 acres and offers contemporary accommodations. It also features a restaurant inspired by Edgar Allan Poe, serving locally-sourced cuisine, which adds a unique cultural touch to the guest experience. The hotel’s amenities and strategic location make it a competitive player in Baltimore’s hospitality market.
Investment Highlights
The sale of the Hotel Indigo Baltimore Downtown presents several attractive investment highlights:
Superior Asset Positioning: The hotel benefits from its location in a city with a diverse and stable economy. This positioning is advantageous for capturing demand from both the educational and medical sectors and tourists visiting the city.
Discount to Replacement Cost: The property is being offered at a significant discount compared to its replacement cost. This is particularly noteworthy in a market characterized by high barriers to entry, making it a potentially lucrative investment opportunity.
Post-Pandemic Market Dynamics: The Baltimore hotel market has seen a contraction in supply following the pandemic, with several properties either closing permanently or delaying development plans. This shrinking supply, coupled with increasing demand, positions the Hotel Indigo as a valuable asset in the current market.
Unencumbered by Management: The hotel is not bound by any management contracts, providing potential buyers with the flexibility to implement their own operational strategies.
Inquire at JLL.
