1743 W Nursery Rd, Linthicum Heights | MD 21090
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Berkadia Hotels & Hospitality has been exclusively retained in connection with the solicitation of offers to acquire the fee simple interest in the 315-room BWI Airport Marriott through an REO sales process (the ‘Hotel’ or ‘Asset’). The 10-story Hotel is ideally situated in the heart of the highly diversified BWI Business District and strategically anchored between two of the Mid-Atlantic’s most frequented metropolitan markets – Baltimore, MD and Washington, D.C. – positioning the Hotel to capitalize on a robust cohort of demand generators and retail amenities. Benefitting from Marriott's flagship brand, the premier full-service Hotel in the submarket has demonstrated the consistent ability to realize outsized market share and significant cash-flow with attainable upside (currently asset managed by the receiver).
Centered within the BWI Business District’s epicenter, the Hotel is able to easily capitalize on demand arising from industry-leading defense, government, and military contracting firms such as Northrop Grumman Mission Systems’ HQ, Lockheed Martin, Booz Allen Hamilton, Raytheon, Ciena Corporation, the National Security Agency (NSA), and much more. Furthermore, the Asset is located less than a half-mile from the BWI Airport, which is amid a $425 million expansion that will add a new domestic terminal and modernize existing facilities, allowing guests to seamlessly connect to a growing transportation hub which has surpassed pre-pandemic passenger volume levels and ranks among the nation’s top 25 busiest airports, serving 27.0 million passengers throughout the TTM November 2024 period. When coupled with a dynamic location approximately a half-mile from the confluence of the Baltimore-Washington Parkway and MD-195 - two of the region’s primary thoroughfares – visitors are connected to the 10.7 million square feet of office space and 13.5 million square feet of retail space within a five-mile radius, including Maryland’s top shopping destination – Arundel Mills Mall – and second-largest gaming facility – Maryland Live! Casino (24 million annual visitors combined) - in addition to Fort Meade which generates $27 billion in annual economic impact and is undergoing a $2.3 billion expansion plan (approximately 2,200 employees are expected to be added to Fort Meade from 2023 - 2028). More immediately, the Hotel is poised to capitalize on a significant 9.2% or $12 increase in per diem rates for fiscal year 2025 (October - September), in addition to government RTO, resulting in a projected 11% increase in government room sales for 2025.
ATTAINABLE & IMMEDIATE REVPAR GROWTH LEVERS: - Completion of a Rooms Renovation via Marriott's Ten-Year Capital Plan - 9.2% ($12) Increase in Fiscal Year Per Diem Rates - 100% Return to Office for Government Workers to Drive 11% Projected Increase in Government Room Sales - 7.1% Revpar Growth Projected for 2025
Opportunity
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Premier Full-service Hotel Built with Concrete and Steel Construction Offered at a Significant Discount to Replacement Cost
Fully Recovered RevPAR Offering Robust In-Place Revenues, Paired With Outstanding Post-Renovation Upside
Considerable In-Place Cash Flows with an Attainable Opportunity for Enhanced Operational Efficiencies
Highly Accessible Location within One of the Region’s Top Corporate Markets – BWI Business District
Significant Increase In 2025 Per Diem Rates (9.2% or $12) With Access to Substantial Government Demand, Paired with
Government RTO Driving an 11% Projected Increase in 2025 Government Room Sales
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Minimal New and Recently Delivered Supply
Primed to Benefit from +$2.7 Billion of Expansion Plans and the Region's Continued Economic Growth Trajectory
Investment Highlights
BWI Airport
36 different airlines
Nearly 107,000 Jobs Supported
90+ Domestic and International Destinations
$11.3B Annual Economic Impact
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1743 W Nursery Rd, Linthicum Heights | MD 21090
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
KATELYN REYNOLDS
Associate Director
301.202.3549
katelyn.reynolds@berkadia.com
LINDSEY DEBUTTS
Senior Director
240.204.5131
lindsey.debutts@berkadia.com
DAN HAWKINS
Managing Director
240.204.5139
dan.hawkins@berkadia.com
JAKE PIETRAS
Associate Director
410.940.9497
jake.pietras@berkadia.com
Justin Storer
Real Estate Analyst
301.202.3542
justin.storer@berkadia.com
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Financing:
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Kyle Stevenson
Managing Director
786.646.2591
kyle.stevenson@berkadia.com
The
Property Details
FLOORS
10
LAND AREA
8.7 Acres
GUESTROOMS
315
OPENED / RENOVATED
August 1988 / 2019
PARKING
Complimentary On-Site Surface Parking (1.51 Ratio); Long-Term Parking at $7 per Day
MEETING SPACE
15,662 SF
4 Stars
#14 out of 28
Hotels in Linthicum Heights
LOCATION
The
Fort Meade
64,000Employees
+$26.8B Economic Output
120 Government Agencies
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National Security Agency (NSA)
32,000 Estimated Local Employees
+1,300 Buildings
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Northrop GruMman Mission Systems HQ
8,500 Employees In Anne Arundel County
2 miles from the Hotel
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Ciena Coporation HQ
1-Mile from the Airport
+4.4BB Annual Revenue
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Booz Allen Hamilton
+35,800 Worldwide Employees
#422 Fortune 500 Rank
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Lockheed Martin
#57 Fortune 500 Rank
$49.2BB DoD Purchase Agreements (2023)
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Arundel Mills Mall
14M annual visitors
225+ Retailers & Restaurants
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Maryland Live! Casino
10M Annual Visitors
$550M Multi-Use Complex
3,500 Jobs Supported
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1743 W Nursery Rd, Linthicum Heights | MD 21090
The Hotel
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The BWI Airport Marriott offering represents a unique opportunity for a new owner to acquire a high-performing, concrete and steel, full-service hotel with robust in-place cash-flow at a fraction of replacement cost, and in a submarket which has fully recovered RevPAR benchmarks relative to 2019. Furthermore, following a product offering renovation via Marriott’s Ten-Year Capital Plan, a new owner will be able to drive even greater revenue metrics and reposition the Asset as the top ranked hotel in ADR and RevPAR in the competitive set, as historically achieved. When paired with asset management opportunities, an extensive full-service amenity base, a world-class distribution system – Marriott Bonvoy – and value-add/reconfiguring upside relating to the Hotel’s food and beverage offerings, the BWI Airport Marriott provides a compelling investment opportunity with significant growth potential in the current economic landscape.
LAND AREA
8.7 Acres
315
GUESTROOMS
MANAGEMENT
Marriott Encumbered (Fully Extended through 2053)
