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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.