BALTIMORE, MD—This is a story of an old-time hotel beingrepositioned with care taken to conserve its historic roots—via oneof the newest sources of financing available to developers.

Baltimore developer Shaffin Jetha is renovatingand repositioning his recently-acquired Mount VernonHotel at 24 West Franklin into a 170-room HotelIndigo hotel, a brand franchised byInterContinental Hotels Group.

For the local community, the key aspect of the deal is that theboutique hotel is being redesigned with the local culture andhistory of the surrounding Mount Vernon neighborhood in mind.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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