RLJ Urban Snaps up Ft. Meade Hotel

ANNAPOLIS JUNCTION, MD-The RLJ Urban Lodging Fund LP has acquired the new Courtyard by Marriott Ft. Meade. Financial terms of the deal have not been disclosed The Donohoe Cos. sells the property after having completed development of the 140-room hotel last year. Donohue, which owned the property with Hospitality Partners in a partnership called Donorundel LP, spent an estimated $16.8 million to complete the 87,700-sf hotel.

Occupying a four-acre parcel at 2700 Hercules Rd. within the National Business Park, Courtyard Ft. Meade sits off the Baltimore-Washington Parkway just 10 miles from the Baltimore-Washington International Airport. The five-story structure encompasses 1,400 sf of meeting space, as well as a restaurant, indoor pool and spa and fitness facility.

“This transaction is a reflection of our firm’s expertise in hospitality sales and an affirmation of the local market’s strong underlying fundamentals,” says Bill Moyer, director of Donohoe Real Estate Services/Corfac International’s Hotel Advisory Group. Moyer and Charlotte Seale of Donohoe/Corfac represented Donorundel LP.