Rockbridge Announces First Mortgage Investment In Maryland Hotel
Tuesday November 6th, 2012 - 3:37PM H
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BALTIMORE, MD—Rockbridge has announced the closing of an $8.6-million first mortgage investment to finance the acquisition of the 137-room Comfort Suites Hotel at Baltimore-Washington International Airport (BWI) in Linthicum Heights, MD. The property will undergo a $3.4-million renovation and be reintroduced as a Holiday Inn. The renovation will include a reconfigured lobby, exterior refresh and substantially upgraded guestrooms. The completion date is expected to be in mid-2013.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.