HREC Investment Advisors is pleased to announce it has arranged the sale of the 71-guestroom Hampton Inn Elkton located in Elkton, Maryland.
HREC Investment Advisors exclusively represented the seller on this transaction. The marketing and negotiations were led by Ketan Patel, Managing Director in the HREC Investment Advisors Washington D.C. office, and Constance Mong, broker on record for New Jersey.
Situation at the intersection of Elkton Road and Interstate-95, between Elkton, MD and Newark, DE, the Hotel benefits from high visibility to the nearly 60,000 vehicles that pass by daily. The Property is also easily accessible to all of the market’s demand generators and beyond, as I-95 is the primary north-south interstate highway on the East Coast of the United States, connecting the major cities of the Eastern Seaboard. Other demand generators, such as the University of Delaware and its 20,000+ enrolled student body. The surrounding area’s economy is rich and diverse, featuring thriving health care, information technology, finance, and manufacturing industries.
About HREC®: HREC® is the nation’s leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting including market studies, and litigation support. With 22 offices throughout North America, HREC® is distinguished by unwavering commitment to client service and success through its team approach, intellectual capital, and hotel/casino specialization.
