
Baltimore has come a long way over the last 20 years, developing a tourism infrastructure and experience for leisure and convention visitors that is impressive. Baltimore’s economy is bustling, with unemployment low and the city balanced by a multitude of employment segments. Johns Hopkins remains an important cornerstone, while the Mercy Medical Center and University of Maryland Medical Center are important anchors downtown. The financial sector is also strong, particularly downtown, with major installations of accounting firms, investment firms, and commercial lending institutions all present.
Baltimore's Key Performance Indicators

Source: HVS
While the hustle and bustle of the city’s popular Waterfront has long since a popular spot for hotel development, newer hotels have opened farther north into the heart of the Central Business District. The Hotel Revival, the Kimpton Hotel Monaco, and The Ivy are all hotel bright spots well north of the waterfront. And the trend of redevelopment of older office buildings into hotels continues, including a new Candlewood Suites that is slated to open in early 2019.



HVS continues to regularly consult in this city, with nearby offices in both Washington, D.C., led by Chelsey Leffet, and Wilmington, DE/Philadelphia, PA, led by Jerod Byrd, MAI. Both Chelsey and Jerod are ready to assist you on any consulting need you may have. Drew Noecker with HVS Brokerage can also discuss any Baltimore asset you may be considering selling in 2019.
About Rod Clough
Rod Clough, MAI, President - Americas, oversees strategy execution throughout 40 Americas locations. He recently brought together all US Valuation Consulting offices under common ownership, and has revolutionized the way the company is led and managed. This group of offices represents over 120 hotel industry professionals and executes over 4,000 assignments a year. Rod has been working in the hospitality industry for 30 years and is a graduate of Cornell's School of Hotel Administration. He is a Designated Member of the Appraisal Institute (MAI) and a state-certified general appraiser. Contact Rod at (214) 629-1136 or [email protected].
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