One of Baltimore’s biggest waterfront hotels is officially headed for the auction block. The Renaissance Baltimore Harborplace Hotel, a 622-room property on Pratt Street, is slated for a foreclosure sale after defaulting on a $71 million loan, according to recent reporting. The move puts a major Inner Harbor landmark in play at a time when downtown hotels and retail are still wrestling with vacancies and closures.
As reported by the Baltimore Business Journal, court papers show the loan went into default late last year, and the lender has moved to schedule a sale. The Journal notes the hotel’s 622 rooms and its prime Pratt Street address in the middle of the Inner Harbor tourist and convention district.
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