June 01–A Canadian company has bought the Sheraton Baltimore Washington Airport Hotel from the hotels and hospitality group of Berkadia, a Pennsylvania-based commercial real estate venture between Berkshire Hathaway and Jefferies Financial Group.
The Vista Group bought the hotel for an undisclosed sum this month, the companies said.
The state valued the 203-room hotel on Old Elkridge Landing Road in Linthicum Heights at nearly $21 million for tax purposes.
Kyle Stevenson, managing director of the Ontario-based hotel and hospitality group, said increasing passenger traffic for the past three years at BWI Marshall Airport helped make the newly redesigned hotel attractive.
The hotel has an indoor pool, restaurant, lobby bar and business center.
Vista owns eight other hotels in the United States and Canada.