An affiliate of American Hotel Income Properties REIT sold the Residence Inn Baltimore White Marsh in a deal brokered by Hodges Ward Elliott.
The Residence Inn includes 131 suites across four floors, a fitness center, an outdoor pool, a sports court and a meeting room. Located within the White Marsh Town Center master-planned development and less than 15 miles from Downtown Baltimore, the Maryland hotel provides access to major retail amenities and more than 19 million square feet of surrounding industrial and office space.
A Hodges Ward Elliott team composed of Clint Hodges and Nate Ries represented the seller in the transaction to an undisclosed buyer.
"The competitive response we saw on this offering reflects not only the strength of the Residence Inn brand in a diversified demand corridor, but also the depth of buyers actively pursuing extended-stay product," Ries said in a statement.