Annapolis Marriott

Location:Annapolis, MD
Equity Invested: $6.5 MM
Proceeds: $32.8 MM

Investment Results

  • 28.7% IRR
  • NOI per available room increased by approximately 182% Year 1 to Year 4
  • Highest profit margin in Marriott system


  • Excellent location on the water in a high barrier to-entry market
  • Previously lost Brand Franchise with major PIP required
  • Reconfiguration of rooms, restaurant and public areas required

Value Added

  • Elevated brand franchise
  • Moved restaurant to the waterfront, added guest rooms
  • Restructured sales and marketing efforts

additional projects