Aloft Arundel Mills BWI Airport Hotel
Spark GHC acquires the dual-branded, 289-key hotel
JLL’s Hotels & Hospitality Group announced today that it arranged a sale on behalf of the seller of the dual-branded hotel Aloft/Element Arundel Mills BWI Airport in Hanover, Maryland, to Spark GHC.
The Aloft consists of 142 guestrooms, and Element has 147 guestrooms. Key amenities include an indoor pool, fitness center, 24/7 market, guest laundry and meeting space.
This premium-branded hotel benefits from its strategic location off State Route 100 near the intersection of the Baltimore-Washington Parkway, just 10 miles south of Baltimore and 20 miles north of Washington, D.C. It is four miles from Fort Meade and five miles from the BWI airport.
As shared in JLL’s U.S. Select-Service and Extended-Stay Hotel Outlook, investors continue to gravitate towards the select-service sector due to its broad demand base, lean operating model, and consistent performance.
The JLL Capital Markets Investment Sales team consisted of Managing Directors Ketan Patel and KC Patel and Vice President Phil White.