The Grand Baltimore - Court-Appointed Receiver Sale
The Grand Baltimore - Court Appointed Receiver Sale
Marketing description
CBRE, AS EXCLUSIVE ADVISOR, is pleased to present the opportunity to acquire the fee-simple interest in Baltimore's iconic and acclaimed luxury event space, The Grand Baltimore (the "Property" or "Asset"), located at 225 North Charles Street in the heart of this historic city. This offering presents dedicated conference, banquet and catering operators the opportunity to acquire a unique, historic, irreplaceable architectural masterpiece with tremendous operational upside in one of the top destinations in the US for hospitality and events.
Built in 1866, The Grand Baltimore continues to be one of the city's finest landmarks. Awarded five stars from The Knot and WeddingWire, the seven-story, 90,000 square foot venue offers a one-of-a-kind setting for weddings, as well as social gatherings, seminars, and business conferences. The building, which served as the headquarters for the Maryland Freemason for more than 130 years, underwent a reported $27 million renovation beginning in 1998 and completed in 2006. Since restoring to its original grandeur and reopening to the public, The Grand Baltimore now features 45,000 square feet of meeting space and 19 individually restored banquet rooms. The beauty of its interior design serves as one of the biggest draws to the French and Italian Renaissance-inspired property.
The highly versatile facility benefits from a local/regional multi-property conference, banquet and catering operator capable of delivering operational synergies and cross-selling to reinvigorate the Property's positioning and business plan, and realize considerable revenue upside potential.
Property being marketed by CBRE. Contact Laurence Oster, SVP, 410-244-3199 or Jack Taylor, Associate, 410-244-3186 for more information.
Stephen Karbelk, President, Auction Markets, LLC DBA RealMarkets, Receiver
Investment highlights
- One of the most historic buildings in Baltimore; built in 1866, The Grand Baltimore was first known as the Tremont Grand, and served as the headquarters for the Maryland Freemason for 130 years
- Completely restored to its original grandeur, The Grand Baltimore is one of the most iconic luxury event venues in Baltimore
- Home to 19 stunning rooms, The Grand Baltimore has a history of elegance and has hosted some of the most lavish galas, black-tie balls and fundraisers in Baltimore
- The Grand Baltimore is steeped in tradition and is a unique event venue unlike any other in the region
- Luxuriously decorated with real marble, decadent wood, and fine velvet and silk, The Grand Baltimore marries old world charm with European opulence
- Located at 225 North Charles Street, The Grand Baltimore has been anchored in downtown Baltimore since 1866
- The Property is in close proximity to 12 million square feet of office and leisure attractions positioning it as an attractive destination for corporate and social events
- Convenient to transportation including Baltimore/Washington International Thurgood Marshall Airport (BWI Airport), Baltimore Penn Station (Amtrak), and I-95
- The Grand Baltimore has the potential to offer 19 stunning rooms across five floors totaling over 45,000 square feet
- Seven rooms are less than 900 square feet, offering potential for intimate corporate meetings for groups of 10 to 50 people
- The grand ballrooms hold similar potential for staging a keynote address, a black tie gala, formal wedding or reception
- The Grand Baltimore has also been used as a filming location for such major productions as the award-winning HBO comedy 'Veep,' and the popular Netflix Original Series 'House of Cards'
- The Grand Baltimore presents a significant opportunity for new ownership to capitalize on untapped revenue potential through capital upgrades and a more comprehensive, aggressive sales and marketing program
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