Marcus & Millichap Sells Holiday Inn Express & Suites In Owings Mills For $10.15M

The transaction involves the sale of an 86-room Holiday Inn Express & Suites located at 11509 Red Run Boulevard in Owings Mills, Maryland. The property was sold for $10,150,000, amounting to a price per key of $118,023 in the transaction that took place on 06/12/2024. The asset spans an area of 5.71 acres.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,150,000
• Number of Keys: 86
• Price Per Key: $118,023
• Address: 11509 Red Run Boulevard
• Market: Owings Mills, MD
• Brokers: Andy Patel, Gordon Allred, Jack Davis, Joce Messinger, Karianne Cibello & Zachary Walsh - Marcus & Millichap

The sale was facilitated by a team of brokers from Marcus & Millichap, namely Andy Patel, Gordon Allred, Jack Davis, Joce Messinger, Karianne Cibello, and Zachary Walsh. They successfully closed the deal for the Holiday Inn Express & Suites in Owings Mills, MD.