deal image
829 Elkridge Landing RdLinthicum Heights, MD 21090
Wingate by Wyndham Baltimore BWI Airport
Asset ClassHotel & Hospitality
# Keys182
# Stories: 4Cap Rate: 9.5%Access Data Room
overview of deal

Overview

We are pleased to offer the Wingate by Wyndham BWI Airport, a 182-key midscale hotel available at a compelling basis of $88K per key—well below replacement cost. The asset generates over $1.5 million in net income and is currently self-managed with absentee ownership, providing immediate upside through professional management and revenue optimization. Formerly a Hampton Inn, the property presents strong rebranding and potential dual-branding opportunities to enhance ADR and market positioning. With limited new supply in the submarket, this is a rare chance to acquire a well-located, cash-flowing asset with significant value-add potential.

 

Access the Data Room

Investment Highlights

# Beds
182
Cap Rate
9.5%
# Stories
4
  • Attractive Basis Priced at $16M ($88K/key), well below replacement cost ($175K–$200K/key) with a 9.55% cap rate.
  • ADR Growth Potential Strong occupancy penetration (>100%) but ADR/RevPAR lag—optimized pricing could boost revenue to $4.5M–$4.6M.
  • Below Replacement Cost Estimated replacement value: $31M–$36M+. Limited new supply enhances value proposition.
  • Tax Appeal Opportunity Real estate taxes at ~$299K annually—potential to reduce NOI drag through reassessment.
  • Cost Reduction Potential High payroll ($926K) and utilities ($179K) offer immediate cost-saving opportunities.
  • Strong In-Place Cash Flow Generates $1.53M in net income, supporting current operations with clear upside potential.

Top 10 Demand Generators

Demand Generator
Employees / Traffic
Distance From Property
Sector
1
BWI Airport
27M+ annual passengers
1.5 miles
Transportation
2
Fort George G. Meade
56,000 employees
10 miles
Government/Military
3
National Security Agency (NSA)
30,000 employees
10 miles
Government/Defense
4
Northrop Grumman
10,000 employees
5 miles
Corporate/Defense
5
Maryland Live! Casino & Arundel Mills
24M+ combined annual visitors
8 miles
Tourism/Retail
6
Johns Hopkins Hospital & Medical
1.1M+ annual patient volume; 15,000+ employees
9.5 miles
Medical
7
University of Maryland (College Park & UMBC)
55,000+ students combined
6–20 miles
Education
8
Social Security Administration (SSA)
11,000 employees
8 miles
Government
9
Centers for Medicare & Medicaid (CMS)
4,000 employees
8 miles
Government
10
Baltimore Convention Center
500,000+ annual visitors
9 miles
Tourism/Business
829 Elkridge Landing RdLinthicum Heights, MD 21090
BWI Amtrak Station - 3 miles
BWI Rail Station (Penn Line) - 3 miles
BWI Business District Station - Light Rail - 1.5 Miles
I-95 (Exit via I-195) - 2 Miles
MD-295 / Baltimore-Washington Parkway - 1 mile

Sales Team

Anudeep GosalSenior Director, Hotel Advisory Group(415) 889-3314agosal@besenpartners.com

Inquire

Listing provided by Revere CRE