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Modus Hotels Acquires the 97-suite Brookshire Suites in Baltimore, Maryland

Plans to Invest Several Million Dollars to Renovate and Re-concept the Property

WASHINGTON, D.C., December 3, 2012
—Modus Hotels, the Washington, D.C.-based collection of urban lifestyle hotels, today announced it has acquired the 97-suite Brookshire Suites, Modus’ first hotel in downtown Baltimore and its third hotel acquisition of 2012.  The company will invest several million dollars to fully renovate and re-concept the property and incorporate it into the Modus Hotels Collection, a portfolio of 12 hotels.

“With its ideal location along Baltimore’s Inner Harbor and its distinctive identity, the Brookshire Suites is a perfect fit in our expanding portfolio of Modus Hotels,” noted Aaron Katz, president and CEO of Modus Hotels. “Following the completion of the renovation and the implementation of our proprietary marketing and management systems, we believe the hotel will be well positioned as an affordable, lifestyle hotel experience, something not offered by the existing hotels in the Baltimore market.”

Located immediately adjacent to Baltimore’s famous Inner Harbor, the hotel is just steps away from such attractions as the National Aquarium, the Baltimore Convention Center, Baltimore Orioles’ Stadium, Camden Yards and the Baltimore Ravens M&T Bank Stadium.  The Brookshire Suites Inner Harbor Hotel offers spacious suites, averaging 500 square feet.  Suites contain a sleeping area and a separate living room furnished with a sofa, oversized desk, free WiFi, and a mini-refrigerator with complimentary bottled water.

With floor to ceiling glass and overlooking the harbor, the hotel’s 10th floor offers guests breakfast service and evening social activities.  An adjacent meeting room, which also faces the harbor, provides the full range of meeting services for up to 75 participants.  On the same floor facing east with views of downtown is the hotel’s state-of-the-art fitness facility. The pet-friendly hotel also houses a marketplace off the lobby offering items such as grab-n-go meals, snacks and a variety of sundries.

Modus plans to begin the renovation process in January 2013.  It will start in phases so as to minimize guest disruption, with an expected completion date of the fourth quarter 2013.  The re-positioning will include a new lobby, new guest suites and a new exterior.

The new hotel now joins the Modus Hotels’ collection of upscale, urban, boutique properties operating in Washington, D.C., Chicago and Philadelphia, including The River Inn, The Quincy, One Washington Circle Hotel, The George Washington University Inn, Virginian Suites Arlington, Colony South Hotel and Conference Center and The Windsor Suites.

About Modus Hotels

Modus Hotels has successfully owned and operated hotels and lodging facilities since 1976. Founded by well-known Washington, D.C. real estate developer Conrad Cafritz, Modus Hotels is a full service hotel development and management company.  Modus Hotels is an affiliate of Cafritz Interests, a diversified real estate company with properties in a number of market sectors including office, hotel, restaurant, residential, senior living, student housing and industrial real estate. In addition to acquisitions and development, Cafritz Interests / Modus Hotels also provides comprehensive property management services. For more information, visit www.modushotels.com www.bemodus.com.

Contact:
 
Chris Daly, media
  chris@dalygray.com
703-435-6293


 

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Also See: Modus Hotels Completes Transformation of Washington, D.C.'S West End Corporate Apartments to Upscale, Boutique Avenue Suites Hotel / September 2012

Modus Hotels Hires Mark Morris as Executive Vice President of Acquisitions / March 2012


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