BALTIMORE – Baltimore City leaders announced a multi-million dollar deal to acquire two hotel properties as an emergency shelter for those experiencing homelessness.
The proposal by the city has been years in the making as a way to respond to the housing crisis and expand services to help the homeless.
The city will purchase the Sleep Inn and Suites, at 300 N. Front Street, and Holiday Inn Express, at 221 N. Gay Street and 332 N. Front Street. Also purchased by Baltimore City will be the parking lot located between these two hotels at 320 N. Front Street.
The total cost will be $15.2 million for the acquisition and $3.2 million for the management agreement for both hotels.
The agreements will go to the Board of Estimates for approval on Wednesday, February 21. The City is expected to close on the properties and the management agreement no later than Spring 2024.
Baltimore City will use funding from the American Rescue Plan Act (ARPA) as part of the City’s “response to the nationwide housing crisis and the subsequent rise in homelessness,” a statement said.