Sage Hospitality Acquires Majority Interest in Hyatt Place Baltimore/Inner Harbor

Top Hotel Management Company Also Holds Management Contract for the 208-Key Hotel in Baltimore's Well-Known Inner Harbor

DENVER, Aug. 15, 2017 /PRNewswire-iReach/ -- Sage Hospitality, one of the nation's leading hotel management, investment and development companies, is proud to announce the acquisition of majority ownership of the Hyatt Place Baltimore/Inner Harbor. The hotel was developed by affiliates of Englewood LLC and CG Investments, who will each retain interests in the property. Sage Hospitality has also taken over management of the property.

"Sage is delighted to continue its growth in the Baltimore-Washington metropolitan area while also continuing to build our partnership with Englewood LLC and CG Investments," said Michael Everett, Chief investment Officer for Sage Hospitality. "Hyatt Place Baltimore/Inner Harbor fits perfectly with Sage's strategy of investing in well-positioned, urban, select-service hotels that have strong long-term potential, and we're happy to welcome this property into our portfolio."

Hyatt Place Baltimore/Inner Harbor, which opened in late 2014, is part of what Travel + Leisure has called the "Reinvention of Baltimore," where the city's urban waterfront is currently undergoing major revitalization and redevelopment. Hyatt Place Baltimore/Inner Harbor, situated in Harbor East, is centrally located between the iconic Inner Harbor and burgeoning Fell's Point, all of which are home to the best attractions, shopping and dining in the area.

"We are thrilled to enter into another joint venture with Sage," said Ken Finkelstein, President of Englewood LLC. "When we opened we were excited to bring this property into the thriving community in Baltimore, and we look forward to the hotel's continued success under our partnership with Sage."

To learn more about Sage Hospitality and their continuously growing portfolio, visit www.sagehospitality.com.  

About Sage Hospitality                                                                                             

Denver-based Sage Hospitality was founded in 1984 and since continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment.  Sage is known for outstanding relationships with hotel brands and creating places that people want to go to, not through, including 10 unique restaurant concepts by Sage Restaurant Group and independent luxury properties by Sage Hotels.  To learn more about Sage, visit www.sagehospitality.com

Media Contact: Kate Davis, Sage Hospitality, 720-514-1287, kate.davis@sagehospitality.com

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SOURCE Sage Hospitality



2017

Tags

Hotels and Resorts, Leisure & Tourism, Real Estate Transactions



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