Holiday Inn Express & Suites in Owings Mills sold for $10.15M

Marcus & Millichap, a commercial real estate brokerage firm based in Calabasas, California, specializing in investment sales, financing, research and advisory services, Wednesday announced the sale of the Holiday Inn Express & Suites in Owings Mills for $10.15 million.

Davis, Gordon Allred, Joce Messinger, Karianne Cibello, Zachary Walsh and Andy Patel, investment specialists in Marcus & Millichap’s Baltimore office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Brian Hosey, Broker of Record in Maryland, assisted in closing the transaction. 

Located at 11509 Red Run Blvd., the Holiday Inn & Suites is situated on 5.71 acres with four floors containing 86 guest rooms. Built in 2018, the hotel features amenities including a fitness center, business center, and meeting and banquet facilities. The property is located off Interstate-795 just 20 miles outside of downtown Baltimore.  

Jack Davis, senior vice president investments with Marcus & Millichap, said the hotel market continues to remain steady despite outside economic factors. The firm secured more than 10 offers for the property before selling to an undisclosed out-of-state buyer.

As of Dec. 31, 2023, the company had 1,783 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients.

Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.