Located at 245 Shawan Rd. on 18 acres in the suburban Baltimoretown of Hunt Valley just 15 miles outside the city, the Marriottproperty was originally developed in 1978. Today, the four-storyfacility offers 28,000 sf of meeting space, including a nearly10,000-sf event space that carries the title of the largestballroom in Baltimore County. Marriott Hunt Valley also features arestaurant and lounge, a fitness center and two swimming pools.However, the new owner is not content to let the property rest onits laurels.

"Marriott Hunt Valley will immediately commence an approximate$7-million renovation that will further enhance the hotel'sreputation as one of the East Coast's premier meeting facilities,"says HEI chairman and CEO Gary Mendell.

Marriott Hunt Valley marks the third property purchase for HEIHospitality Fund, which originated just two months ago. Late lastmonth, the fund acquired the 256-room Boca Raton Marriott at BocaCenter in Boca Raton, FL, just six weeks after having made itsfirst purchase, the 410-room Sheraton Music City in Nashville,TN.