BALTIMORE, July 8, 2020 /PRNewswire/ — Hodges Ward Elliott (“HWE”), the premier boutique real estate capital markets advisor, announced it represented Sunstone Hotel Investors in the $80 million sale of the 622-room Renaissance Harborplace hotel, located at 202 E Pratt Street in Baltimore, MD.
An HWE team composed of Mark Elliott, President, Jay Morrow, Managing Director, and Jeff Berkman, Director represented the seller in the transaction. In addition, HWE’s Capital Markets team, led by Lawrence Britvan, Managing Director, arranged the acquisition financing for the buyer.
The Renaissance Harborplace is centrally located in the heart of Baltimore, steps from the city’s famous festival marketplace and Inner Harbor Marina, and within walking distance of the Baltimore Convention Center. The property is also within proximity of other famous local attractions, including the National Aquarium and the Power Plant Live district of bars, restaurants, and entertainment venues.
The hotel features an on-site restaurant, fitness center and a bar and lounge, in addition to other amenities including a café and valet parking. The property also offers 21 meeting rooms, with over 27,000 square feet of conference space.
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