Hyatt Commercial Represents Buyer in $13.825 Million Hotel Acquisition in Laurel, MD

119-room Holiday Inn Express & Suites trades hands in Prince George’s County

Laurel, MD – July 24, 2026 – Hyatt Commercial is pleased to announce the $13,825,000 sale of the Holiday Inn Express & Suites at 14402 Laurel Place in Laurel, Maryland. Cecil Cummins and Eric Pinkett of Hyatt Commercial represented the buyer, Laurel Lakes Hospitality, LLC. The sale settled on July 20, 2026.

Transaction Overview

The hotel spans approximately 57,550 square feet and includes 119 rooms. Ketan Patel of JLL and Stephen Leslie of CBRE represented the seller, Lilyblue, LLC and Lakhani Properties, LLC. Meanwhile, the same ownership group holds both Lilyblue and Lakhani Properties.

Location and Market Context

The hotel sits in Prince George’s County, along the I-95/Route 1 corridor within the Baltimore-Washington region. As a result, this location places the property roughly equidistant between Baltimore and Washington, D.C., with direct highway access to both metro areas. Furthermore, nearby employers include Fort Meade, the National Security Agency, and NASA Goddard Space Flight Center. This concentration of federal and defense activity has helped support steady lodging demand throughout the submarket.

A Track Record of Outperformance

The hotel has consistently ranked among the highest-performing IHG Holiday Inn Express & Suites locations in the region, with a RevPAR index of approximately 150% against its competitive set in recent years — reflecting its position as one of the best-located and best-performing assets in the Laurel submarket.

A Strategic Acquisition

Cummins and Pinkett worked closely with Laurel Lakes Hospitality throughout the transaction. They guided the buyer through diligence and helped evaluate the asset’s position within the submarket.

“The Holiday Inn Express & Suites at Laurel Lakes was identified as a well-positioned hotel asset in a submarket with durable, institution-driven demand,” said Cummins. “It was a pleasure to help our client execute on this acquisition securing another investment in alignment with their long-term strategy in the Mid-Atlantic region.”