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A downtown Baltimore hotel sold for more than $ 8 million at auction Thursday morning following a bidding war on the steps of the Clarence M. Mitchell courthouse. Two dozen people attended the sale of Hilton’s Home2Suites, which were auctioned off in foreclosure. The auction started at $ 3.4 million and several bids were issued before the property was sold for $ 8.4 million to an entity on behalf of the lender. Among those interested in the property were several local hotel owners. The 95-suite hotel at 8 E. Pleasant St. was sold as part of a package that also included two adjacent buildings overlooking Mulberry Street off Lovegrove Alley. partners in the Baltimore Business Journal.
A downtown Baltimore hotel sold for more than $ 8 million at auction Thursday morning following a bidding war on the steps of the Clarence M. Mitchell courthouse.
Two dozen people attended the sale of Hilton’s Home2Suites, which were auctioned off in foreclosure. The auction started at $ 3.4 million and several bids were issued before the property was sold for $ 8.4 million to an entity on behalf of the lender. Among those interested in the property were several local hotel owners.
The 95-suite hotel at 8 E. Pleasant St. was sold as part of a package that also includes two adjacent buildings overlooking Mulberry Street next to Lovegrove Alley.
Read the full story of our media partners in the Baltimore Business Journal.
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