Associate Editor – Baltimore Business Journal
A Providence, R.I., hotel group has acquired the Doubletree Baltimore BWI Airport Hotel in Linthicum.
Procaccianti has managed the seven-story, 260-room hotel since 2010 and rebranded it from Holiday Inn to Doubletree.
“After operating the property for more than two years under a third-party management agreement … we ultimately came to the decision to pursue ownership of the asset,” said Robert Leven, chief investment officer for Procaccianti.
Procaccianti closed on the acquisition Nov. 21, according to CoStar Group Inc., Neither Procaccianti nor the seller, Lodgian Inc. of Atlanta, disclosed the price.
The deal marks the second Greater Baltimore hotel acquisition for Procaccianti this year. The company in February purchased the Holiday Inn Inner Harbor at 301 W. Lombard St. for $20.7 million.
Lodgian also was the seller in the Holiday Inn transaction. Procaccianti has a contract to manage six other hotels under Lodgian’s ownership.
The Doubletree, at 890 Elkridge Landing Road, is two miles from the airport and includes 10,163 square feet of meeting space. It opened as a Holiday Inn in 1973 and underwent renovations and a branding change between 2009 and 2011.