MCR Development Completes Major Renovations at the Residence Inn Baltimore White Marsh
- Aug 15, 2014
MCR Development LLC, one of the twenty largest hotel owner-operators in the United States, has recently announced it has completed the renovation of the Residence Inn Baltimore White Marsh. The New York-based company did not announce how much it has invested in the project.
The Residence Inn Baltimore White Marsh is located at 4980 Mercantile Road, just 15 minutes from the Port of Baltimore and Downtown Baltimore. Its 131 rooms are about 50 percent larger than standard rooms. The hotel also features 875 square feet of meeting space, an outdoor pool, a fitness center, a sport court and more.
According to MCR Development, the project brought major renovations to all areas of the hotel, but it paid special attention to the lobby, meeting space and guestrooms. The Residence Inn Baltimore White Marsh’s new lobby now offers its guests an elegant open floor plan with plenty of space. The meeting space has been equipped with brand new carpeting and chairs, while the guestrooms now feature brand new stainless steel appliances, as well as a contemporary and stylish décor with refreshing colors.
In its midyear hospitality report for the Mid-Atlantic region, Marcus & Millichap says that the hotel market is recovering from last year’s government shutdown. Hotels in the region have registered stronger results in 2014 and are expected to continue on the same path the rest of the year.
Some locations, the ones less dependent on federal spending, are even flourishing. Baltimore is one of these regions. In fact, much of the turnaround in hotel performance in the state of Maryland comes on the back of the growing Baltimore economy. Occupancy has also recovered and in Maryland it jumped 2.6 percent, to 56.3 percent. The state also posted a 4.8 percent rise in revenue per available room.Photo credits: www.marriott.com Charts courtesy of Marcus & Millichap.