Courtyard New Carrollton Landover — Sale in Landover, MD

  • Price: $3
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Landover, MD 20785
  • Size: 86,310 SF
  • Year built: 1986

Photos

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Description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 150-room Courtyard New Carrollton Landover (the “Hotel” or “Property”). This Marriott branded asset benefits from its prime location directly in Landover's Corporate Drive Office Park, strategically positioned off Interstate 495 with proximity to key demand generators such as the University of Maryland College Park, Washington Metropolitan Area Transit Authority headquarters, and major federal agencies including the Defense Intelligence Agency and USDA headquarters. The Hotel is being offered unencumbered by Marriott management for the first time, providing operational flexibility to implement franchise conversion strategies and potentially increase GOP margins through third-party management. With construction costs at all-time highs and limited developable land in the South/East Maryland submarket due to high land costs and entitlement challenges, this acquisition represents an opportunity to obtain a newly-renovated, Marriott branded asset at a significant discount to replacement cost. Prince George's County's robust economy, anchored by major employers like Kaiser Permanente, Giant Food corporate headquarters, and the University of Maryland's $2.9 billion annual regional economic impact, provides a strong foundation for continued growth and stability in this dynamic lodging market serving the greater Washington D.C. metropolitan area.

Market Context

This hospitality in Landover, MD is listed for sale at $3 across 86,310 SF. The building dates to 1986. Compare it against other hospitality listings for sale in Landover, MD — view the full market.

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