Delta Hotels by Marriott

Chesapeake Bay

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Acquisition, Renovation, & Rebranding of a Distressed Independent Full-Service Hotel on the Chesapeake Bay

  • Through an off-market transaction, acquired distressed hotel in 2018 for $19M with a premium location offering sweeping views of the Chesapeake Bay.
  • The property was converted from an independent hotel to the Delta Hotels by Marriott by executing a $30 million shut and gut renovation. Hotel reopened in 2020, positioning itself as the newest, high quality hotel property in the area. The $100,000 per key investment completely renovated the hotel, with modern suites, lobby, pool, and concepted destination restaurant.
  • Successfully implemented and executed operational business plan leading to outperforming year 1 proforma by over $2.2M.
  • Received Hotel Opening of the Year award from Marriott International by showcasing forward-thinking design and services while executing efficient and thoughtful pre-opening strategies.
  • Due to the exceptional success of the property and exceeding underwritten returns, hotel was taken to market resulting in a successful sale achieving a return on initial investment of over 2X.
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