Ethika Investments LLC, a Los Angeles-based real estate investment company, said an affiliate has purchased the Hunt Valley Inn, located on Shawan Road in Hunt Valley.
The purchase price of the property was not disclosed.
The affiliate, Laurus Corp., plans to spend $9.5 million to renovate the venerable hotel, which was built in the early 1970s by McCormick & Co., as the spice company moved its offices and plant from the Inner Harbor. Since then it has gone through various ownerships and renovations, and was last branded as a Marriott.
Laurus will rebrand the 393-room hotel as part of the Wyndham Grand Collection.