Modus Hotels Acquires Baltimore's Brookshire Suites
Monday December 3rd, 2012 - 9:37AM
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BALTIMORE, MD—Modus Hotels acquired the 97-suite Brookshire Suites, its first hotel in downtown Baltimore and its third hotel acquisition of 2012.
The company will invest several million dollars to renovate and reconcept the property and incorporate it into the Modus Hotels Collection, a portfolio of 12 hotels.
“With its ideal location along Baltimore’s Inner Harbor and its distinctive identity, the Brookshire Suites is a perfect fit in our expanding portfolio of Modus Hotels,” noted Aaron Katz, president/CEO of Modus Hotels.
Modus plans to begin the phased renovation process in January, with an expected completion in fourth quarter. The repositioning will include a new lobby, new guest suites and a new exterior.
Located adjacent to the city's Inner Harbor, the hotel is near attractions such as the National Aquarium, the Baltimore Convention Center, Baltimore Orioles’ Stadium, Camden Yards and the Baltimore Ravens M&T Bank Stadium.
The Brookshire Suites Inner Harbor Hotel offers suites averaging 500 sq. ft. that contain a sleeping area and a separate living room furnished with a sofa, oversize desk, free Wi-Fi and a mini-refrigerator with complimentary bottled water.
With floor-to-ceiling glass and overlooking the harbor, the hotel’s 10th floor offers guests breakfast service and evening social activities. An adjacent meeting room, which also faces the harbor, provides a full range of meeting services for up to 75 participants. On the same floor facing east with views of downtown is the hotel’s fitness facility. The pet-friendly hotel also houses a marketplace off the lobby offering items such as grab-'n'-go meals, snacks and a variety of sundries.
Tags: Hospitality Construction/Renovation Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.