In Brief: The Aloft BWI Baltimore Washington International Airport hotel, a 155-room property in Linthicum Heights, Maryland, has been listed for sale.
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Aloft BWI Baltimore Washington International Airport – Image Credit JLL
The Aloft BWI Baltimore Washington International Airport hotel, located in Linthicum Heights, Maryland, is now available for purchase. The property features 155 guest rooms and was constructed in 2008. The building has a net area of 69,696 square feet and sits on a 3.93-acre parcel of land.
Location and Accessibility
The hotel is situated just north of the Baltimore/Washington International Thurgood Marshall Airport (BWI). Its location provides access to major transportation routes and proximity to several key employers in the region. Nearby organizations include Berry Global, University of Maryland Medical System, Ciena, and the National Security Agency’s Friendship Annex (FANX), which serves as the primary campus of the National Cryptologic School. The property is also close to multiple Northrop Grumman campuses, including the headquarters of Northrop Grumman Mission Systems.
Brand and Construction Details
The property operates under the Aloft brand, which is part of the Marriott International portfolio. The hotel features six stories and is described as having institutional-quality construction. The offering is for the fee simple interest in the hotel, meaning the buyer would own both the building and the underlying land.
Sale Terms and Financial Highlights
The hotel is being offered free and clear of management, allowing a new owner to select their own management company. The property is also marketed as being available at a significant discount to replacement cost. The sale includes the option to assume long-term debt on highly attractive terms.
The offering highlights several financial and operational points: – The hotel is located in an area with a steady base of demand due to its proximity to major employers and the airport. – There is potential for increased revenue per available room (RevPAR) and net operating income (NOI) through property improvement plan (PIP) renovations and changes in management. – The property is not currently subject to any management encumbrances. – The sale includes the option for the buyer to assume existing long-term debt.
Market Position and Demand Drivers
The hotel’s location near BWI Airport and major employers is cited as a key driver of demand. The surrounding area includes a mix of corporate, government, and healthcare organizations, which contribute to a steady flow of business and leisure travelers. The region’s market fundamentals are described as improving, which may present opportunities for future growth in occupancy and revenue.
Inquire at JLL.
