Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 205-room, 13-story Courtyard Baltimore Downtown/Inner Harbor (the "Hotel" or "Property"). The Hotel is a Marriott-flagged, select-service asset strategically located in Harbor East — Baltimore's most prestigious waterfront neighborhood — just steps from the Inner Harbor, one of the most visited urban destinations in the United States, anchoring a regional tourism economy that generates significant economic output annually.
The Hotel maintains a strong competitive position within its set, supported by a durable mix of corporate, leisure, and group demand from a dense network of nearby generators including Harbor Point, the Baltimore Convention Center, Camden Yards, M&T Bank Stadium, Johns Hopkins Hospital, and Fells Point. A change-of-ownership PIP presents a clear opportunity to reposition the Hotel within its competitive set and drive RevPAR and NOI materially above current in-place levels.
Currently institutionally owned and operated, a new, more hands-on owner-operator is well-positioned to streamline operations, implement a focused revenue management strategy, and capture meaningful margin expansion and NOI upside.
The Property is being offered at a significant discount to replacement cost in a high barrier-to-entry submarket that continues to attract transformational investment, most notably a $900 million Inner Harbor redevelopment set to break ground in Fall 2026. Together, the Hotel's established cash flow, identifiable operational and post-PIP upside, and compelling below-replacement-cost basis present investors with an attractive risk-adjusted acquisition opportunity in one of the Mid-Atlantic's most dynamic urban markets.
