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301 W Lombard St
Baltimore, MD 21201

Holiday Inn Baltimore Inner Harbor · Hospitality Property For Sale · 136,037 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.00 AC
Construction Status Converted
Building Size 136,037 SF
No. Stories 11
Year Built/Renovated 1964/1999
Parking Ratio 1.62/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • On-Site Retail
  • On-Site Bar
  • Meeting Event Space

About 301 W Lombard St , Baltimore, MD 21201

The 365-room Holiday Inn Baltimore Inner Harbor Downtown, situated at 301 West Lombard Street, benefits from an ideal location in the heart of downtown Baltimore. The full service hotel was built in two phases: the 13-story, 246-room Main Tower opened in 1964 and the 10-story, 119-room West Tower opened in 1966. The property also features a bi-level parking garage that capitalizes on both hotel demand and demand generated by local events. This upper mid-scale hotel offers 365 guestrooms and approximately 10,088 square feet of flexibly-configured meeting space including meeting rooms on the 12th and 13th floors that offer 360-degree views of the city and overlook Camden Yards. Additional amenities include the Eden’s West Restaurant and Sports Bar, Dottie’s Café, business center, fitness center, indoor swimming pool and circa 220 parking spaces within a two-level parking garage. Self-parking at the property is governed by a parking service agreement. LAZ Parking, which retains the parking revenue generated by the garage, pays the hotel a minimum concession fee of $600,000 per year. In addition to hotel-related demand, the garage generates revenue from weekday corporate demand as well as demand from special events including those at Royal Farms Arena, Camden Yards and M&T Bank Park. New ownership has the opportunity to bring parking in house which could create a significant revenue stream for the hotel. The property benefits from its prime location within Baltimore’s CBD and Inner Harbor. It is surrounded by numerous tourist attractions and corporate demand generators including the Royal Farms Arena, Baltimore Convention Center, Camden Yards, M&T Bank Stadium, University of Maryland Baltimore, National Aquarium, Johns Hopkins, and nearly 17 million square feet of office space within a 0.5 mile radius. The largest office tenants in the area include the VA, T. Rowe Price headquarters, GSA, Maryland Department of Human Services, University of Maryland School of Medicine, state attorney general’s office, Baltimore Gas and Electric, M&T Bank, U.S. Army Corps of Engineers, Miles & Stockbridge, Verizon and Baker Donelson. M&T Bank moved its 167,000-square foot Mid-Atlantic headquarters to the One Light Tower just five blocks from the hotel in September 2018.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0667-002
  • 0667-006
Land Assessment
$8,712,000
Improvements Assessment
$6,820,100
Total Assessment
$15,532,100

zoning

Zoning Code C-5DC
C-5DC
  • Listing ID: 17985684

  • Date on Market: 12/17/2019

  • Last Updated:

  • Address: 301 W Lombard St, Baltimore, MD 21201

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