Marriott sold at auction

COMMERCIAL REALTY NOTES

April 03, 1991|By Edward Gunts

The 96-suite Marriott Residence Inn in the Hunt Valley-Cockeysville area was sold at auction yesterday for $5 million to the Bank of New England, the lending institution that foreclosed earlier this year on the previous owners, a group called BA-Hunt Valley Associates.

Robert J. Crawford Jr., a senior vice president, said the bank will continue to operate the hotel as part of its own portfolio for the foreseeable future and may eventually seek a buyer in a private sale. He said the property at 10710 Beaver Dam Road is the ninth inn or hotel that the bank has acquired in a recent foreclosure sale -- and the first in the Baltimore area.

More than a dozen people gathered in the lobby of the 2-year-old inn yesterday to watch the sale by Atlantic Auctions. Mr. Crawford said that he would have preferred to see the property go to another bidder but that the offers weren't high enough. He said a Texas-based management company called Westbrooke Hospitality Corp. will manage the inn for the bank and that the new manager plans to retain the present staff.

"From the guests' standpoint, there will be no change," he said. "We will work very hard to continue the service that our guests have come to expect."

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After reviewing seven bids, city officials have selected Firehouse No. 16 Limited Partnership, a group headed by attorney Harold Herschand Jeffrey Lauren, to recycle the former fire station at 831 N. Calvert St. in Mount Vernon.

The attorneys proposed to rehabilitate the first floor of the 81-year-old building for their own offices and to convert the second floor to two two-bedroom apartments. They offered to pay the city $90,000 for the property. Baltimore-based Sea to Sea Construction will be the contractor, and Duke, Srygley P.A. will be the architect.

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Joseph J. Hock Inc. of Linthicum has announced plans to build a 121-acre industrial park in Anne Arundel County that would contain up to 1.3 million square feet of space.

Hock Business Park is planned for construction over the next seven years at Nursery Road and the Baltimore-Washington Parkway interchange, near the regional headquarters under construction for Westinghouse Electric Corp.

The Hock Group, the development subsidiary in charge of the project, will retain land ownership and develop parcels ranging in size from 4 to 20 acres to suit individual tenants.

Founded 50 years ago, Hock is a well-known supplier of highway materials and contract hauler and employs 250 people. It controls about 400 acres of developable property in the region.

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