Hotel Transaction Maryland

Dual-branded Aloft Arundel Mills and Element Arundel Mills Hotels Sold to Noble

The hotels are adjacent to Arundel Mills, the largest upscale retail center in the state of Maryland, and Maryland Live! Casino, one of the largest casino destinations in the United States with more than 260,000 square feet of gaming space.
Aloft Arundel Mills and Element Arundel Mills Hotels - Entrance
Dual-branded Aloft Arundel Mills and Element Arundel Mills Hotels Sold to Noble

Noble Investment Group

Noble Investment Group today announced the acquisition of the dual-branded Aloft Arundel Mills and Element Arundel Mills. Located in the Baltimore-Washington Metropolitan area and proximate to BWI International Airport and Fort Meade, the hotels opened in 2009 and were renovated in 2015.

The hotels are adjacent to Arundel Mills, the largest upscale retail center in the state of Maryland, and Maryland Live! Casino, one of the largest casino destinations in the United States with more than 260,000 square feet of gaming space. A prominent corporate center, the area is home to companies such as General Dynamics, Northrup Grumman, Siemens, CSC, Aerotek and Booz Allen Hamilton.

"The Arundel Mills/BWI market has continued expand with a consistent demand base anchored by defense and government related businesses," said Noble principal, Ben Brunt. "The Aloft and Element acquisition provides Noble the opportunity to acquire an institutional quality, dual-branded hotel, at a significant discount to replacement cost; and at a time when these exciting brands are also set to benefit from joining the Marriott reservation system."

The Aloft Arundel Mills features 142 guestrooms with amenities such as a 24-hour business center and fitness center, an indoor pool, a self-service car wash and hotel-wide complimentary high-speed wireless internet access. The Re:Mix(SM)lounge is stocked with games, TV's and a pool table and connects with the W XYZ® bar, open in the evenings. The hotel offers Camp Aloft for kids ages 2-12, providing child-size mattresses, a goodie bag upon arrival, games and kid-friendly food options. The hotel is also pet-friendly with the arf (SM) pet program featuring a special bed, bowl, and a doggie bag full of treats and toys.

The Element Arundel Mills features 147 studios and suites, which come with fully-equipped kitchens with a full-sized refrigerator, range top, microwave, and coffee maker. The hotel offers a 24-hour business center and fitness center, indoor pool, outdoor patio with self-service grill, 24-hour laundry room, and complimentary internet access throughout the hotel. Guest can enjoy a complimentary daily hot breakfast with a variety of healthy options at Rise: Breakfast Bar, as well as a complimentary evening social Monday – Thursday. The pet-friendly hotel also offers an in-room dog bed and water bowl, an extensive walking area and free treats and toys. 



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