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Maryland Hotel & Lodging Businesses For Sale

2 Maryland Hotel & Lodging Businesses For Sale Found.

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Historic Washington, DC Hotel/B&B w/Property - Gem!
$2,900,000 Cash Flow: $170,000
Historic Washington, DC Hotel/B&B w/Property - Gem!

Montgomery County, MD

Quaint historic 12 guestroom hotel/bed and breakfast in Washington, DC for sale with property. The property was built in 1910 and features brick construction with wood trim and an elegant stone terrace. It is situated near a very affluent and bustling part of town within short walk to a major thoroughfare that runs in and out of Washington, DC. There are 12 unique guestrooms on four floors as well as twelve bathrooms. Ten of the guestrooms have private bathrooms while two of the smaller guestrooms share a hallway bathroom. The main floor of the house includes a large kitchen, living room, dining room and foyer which serves as the guest's common areas. The property underwent a number of renovations in 2011 and 2012 including renovating 6 of the 12 bathrooms, repainting all guestrooms, replacing brick patio and walkway and re-doing some of the wood floors. A brand new water heater was installed in 2014. This hotel presents an excellent value-add opportunity for an investor to acquire a popular historic B & B and take advantage of re-development or alternate use opportunities. Located less than 5 miles from the National Mall, The Smithsonian, The Washington Monument, White House, Capital and the Lincoln Memorial. Also near several major universities and corporations. With gross revenues of over $450K and a $170K+ net, there is plenty room for improvement and increased market share. The current owner/operator occupies two of the guestrooms, one of which is a suite and includes a small kitchen. Due to the owner living on-site the Hotel is only producing income off of 10 of the 12 guestrooms creating immediate upside for a new owner to boost revenue by utilizing all 12 rooms for guests.

Conference Center with Property
Conference Center with Property

Frederick, MD

This is one of the largest Conference Centers in the Mid Atlantic area. Easy access from major Interstate allow patrons from Washington DC, Baltimore & Pennsylvania markets to attend functions. It has a two story building with 56,000 sf +/- under roof and almost 10 acres of property. There are several bars & restaurants serving the premises along with a large hall for concerts. events & weddings. There is seating for over 2,000 and standing room for over 3,000 people. There are several stages for National Acts that perform on a regular basis. A large outdoor deck seats over 100 people. Hardwood floors, ceiling fans, numerous large screen TV’s highlight the building. The entire building is sprinklered and it has a gas furnace along with all public utilities. There are over 400 parking spaces on site and a large pylon sign is located at the front of the building. There are 2 liquor licenses for the businesses. There are 100 employees for the operation. Inventory averages approximately $50,000. Traffic count is over 38,000/cars a day. Sales average approximately $100,000/week. PRICE HAS BEEN REDUCED!!! Motivated seller! THIS IS ALMOST LIKE BUYING THE PROPERTY AND GETTING THE BUSINESS FOR FREE!!!!!