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Opportunity:
- Conveniently located in Washington/Baltimore corridor, less than 1-mile off I-95
- Distressed property with weak brand and management
- Acquired in off-market transaction at significant discount to replacement cost
Value Added by MDH:
- $4.0 million PIP renovation included: exterior and entrance enhancements, full lobby reconfiguration, new full-service café, complete FF&E replacement throughout hotel
- Holiday Inn franchise license agreement through 2015
- Leased former hotel restaurant space to Outback Steakhouse tenant
- Received Renovation Award from Intercontinental Hotels Group for design and improvements
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