Hotel Development Site
Land | 7.148 AC, Build Upper Midscale Hotel on this site - County Will Credit Back Full Land Cost!
Marketing description
Lot is part of 5-parcel plat owned by the County. Buyer must sign Performance Agreement with County to build an upper midscale, flagged hotel on this site, 60-80 rooms. County will credit back full price of land if done. Perfect location - off interstate with 30,000 vehicle count per day at this exit. Build your hotel on this site, which is in a “lodging hole” area. Cost to build is estimated at less than $100K per key! Also, option to purchase adjacent Lot #3, 2.002 AC, for no extra cost in this sale, if you agree to build a sit-down, franchised restaurant here.
Call Charlie Fritsch, MBA Hotel Brokers, for further information and Offering Memorandum — 410-489-5900 x114. Cell phone 301-467-5939.
Investment highlights
Site is located close to many Demand Drivers. Its location is also a great halfway stop to popular destinations of travelers along the nearby interstate.
Gain $300,000 equity by owning the “free” land!
The County and its Economic Development Authority are fully committed to supporting this acquisition / construction project to completion!
Construction financing is available.
Land is Fully Entitled and Shovel Ready!
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