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Patterson-Woods Commercial Properties / CORFAC International completes the Sale of 170 room, full service hotel in Laurel, Maryland

Category: Notable Transactions

Laurel, Maryland (March 22, 2010) - Patterson-Woods Commercial Properties/CORFAC International recently completed the sale of the 170 room, full service, hotel located at 3400 Laurel Fort Meade Road in Laurel, MD, on behalf of the seller, Laurel Hospitality LLC. Greg Ellis & Michael Woods, Partners at Patterson-Woods Commercial Properties, completed this hotel sales transaction.

"We are pleased to have completed this sale on behalf of Laurel Hospitality LLC," stated Greg Ellis, Partner. "This transaction is a reflection of our firm's expertise in the investment sales arena and an affirmation of the desirability of the local market."

The Laurel Inn is strategically located near 295 (Baltimore Washington Parkway) and I-95 and is within close proximity to the Laurel racetrack and Arundel Mills. This multi-story hotel was a re-branding and repositioning business opportunity.

About Patterson-Woods/CORFAC International

Patterson-Woods is one of Delaware's largest commercial real estate companies and offers a full scope of operations, including the sale and lease of commercial/industrial, retail and investment property as well as buyer & tenant representation, property management and business brokerage.

Decades of real estate experience in the region is supplemented with input from a network of business and government contacts, which guarantees professional service for all ventures large or small.

For more information on Patterson-Woods Commercial Properties/CORFAC International, contact the company's Wilmington, Delaware headquarters at 302-622-3500 or visit their website at www.pattersonwoods.com.