{"id":1004055004,"date":"2012-12-11T06:34:26","date_gmt":"2012-12-11T14:34:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=86192"},"modified":"2020-05-19T04:13:39","modified_gmt":"2020-05-19T12:13:39","slug":"modus-hotels-buys-baltimores-brookshire-suites","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/modus-hotels-buys-baltimores-brookshire-suites\/","title":{"rendered":"Modus Hotels Buys Baltimore\u2019s Brookshire Suites"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Modus Hotels, a full service hotel development and management company from Washington, D.C., has purchased Baltimore\u2019s Brookshire Suites last week. It is Modus\u2019 first hotel in downtown Baltimore and its third hotel acquisition of 2012.<\/p>\n<p style=\"text-align: justify\">The Brookshire Suites is located <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/bshire_pages_insert_04.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-86195\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/bshire_pages_insert_04-300x200.gif\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>immediately adjacent to Baltimore\u2019s famous Inner Harbor. It offers its customers 97 spacious suites, averaging 500 square feet. Each suite contains a sleeping area and a separate living room furnished with a sofa, oversized desk, free WiFi, and a mini-refrigerator. Other amenities include a meeting room facing the harbor and a state-of-the-art fitness facility. The hotel is also pet friendly.<\/p>\n<p style=\"text-align: justify\">Modus\u2019 newest acquisition is located close to such attractions as the National Aquarium, the Baltimore Convention Center, Baltimore Orioles\u2019 Stadium, Camden Yards and the Baltimore Ravens M&amp;T Bank Stadium. Although the fourth quarter is typically slow for hotels in the region, with the New York City and the Washington, D.C. metro as perhaps the only exceptions, occupancy in the northeastern United States is on the rise. The presidential inaugural in January may also help strengthen the market.<\/p>\n<p style=\"text-align: justify\">\u201cWith its ideal location along <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/balthot.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-86194\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/balthot.jpg\" alt=\"\" width=\"300\" height=\"280\" \/><\/a>Baltimore\u2019s Inner Harbor and its distinctive identity, the Brookshire Suites is a perfect fit in our expanding portfolio of Modus Hotels,\u201d noted Aaron Katz, president and CEO of Modus Hotels.<\/p>\n<p style=\"text-align: justify\">Modus plans to invest several million dollars to fully renovate and re-concept the property and incorporate it into the Modus Hotels Collection, a portfolio of 12 hotels. The renovation project will start in January 2013, in phases so as to minimize guest disruption. It includes a new lobby, new guest suites and a new exterior. Modus expects to complete it in the fourth quarter of 2013.<\/p>\n<p style=\"text-align: justify\">\u201cFollowing the completion of the renovation and the implementation of our proprietary marketing and management systems, we believe the hotel will be well positioned as an affordable, lifestyle hotel experience, something not offered by the existing hotels in the Baltimore market,\u201d Aaron Katz said.<\/p>\n<p>&nbsp;<\/p>\n<h6>Photo credits: <a href=\"https:\/\/www.brookshiresuites.com\" rel=\"nofollow\">www.brookshiresuites.com<\/a><\/h6>\n<h6>Charts courtesy of Marcus &amp; Millichap.<\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modus Hotels, a full service hotel development and management company from Washington, D.C., has purchased Baltimore&rsquo;s Brookshire Suites last week. It is Modus&rsquo; first hotel in downtown Baltimore and its third hotel acquisition of 2012.The Brookshire Suites is located immediately adjacent to Baltimore&rsquo;s famous Inner Harbor<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[39414,1815],"class_list":["post-1004055004","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest","tag-baltimore","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Modus Hotels Buys Baltimore\u2019s Brookshire Suites - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/modus-hotels-buys-baltimores-brookshire-suites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modus Hotels Buys Baltimore\u2019s Brookshire Suites\" \/>\n<meta property=\"og:description\" content=\"Modus Hotels, a full service hotel development and management company from Washington, D.C., has purchased Baltimore&rsquo;s Brookshire Suites last week. It is Modus&rsquo; first hotel in downtown Baltimore and its third hotel acquisition of 2012.The Brookshire Suites is located immediately adjacent to Baltimore&rsquo;s famous Inner Harbor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/modus-hotels-buys-baltimores-brookshire-suites\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-11T14:34:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T12:13:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/bshire_pages_insert_04-300x200.gif\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Modus Hotels Buys Baltimore\u2019s Brookshire Suites\",\"datePublished\":\"2012-12-11T14:34:26+00:00\",\"dateModified\":\"2020-05-19T12:13:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/\"},\"wordCount\":348,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/12\\\/bshire_pages_insert_04-300x200.gif\",\"keywords\":[\"Baltimore\",\"National\"],\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/modus-hotels-buys-baltimores-brookshire-suites\\\/\",\"name\":\"Modus Hotels Buys Baltimore\u2019s Brookshire Suites - 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