Located in the city's financial district near Interstate 395 and just off the Jones Fall Expressway, the Hampton Inn also features a fitness center, swimming pool and business center. According to Baltimore real estate records, the property has a current assessed value of $8.9 million.

Located at 131 E. Redwood St., the historic structure was originally developed in 1906 and had sat vacant from 1990 until the seller redeveloped the former 90,000-sf USF&G Corp. office into the hotel for $22 million. It was with this restoration endeavor that Winston began its association with the property.

In 2002, the hotel company co-funded a three-year $3.5-million mezzanine loan for the property's acquisition and conversion. "We liked this project when we participated in a mezzanine loan to finance the hotel in 2002," says Winston president and CFO Joe Green. "The property has been open about 18 months and has been well received in the market. We believe there is additional upside potential as the Baltimore economy, particularly in the Inner Harbor area, continues to grow." Neither Winston nor the seller was available for comment by deadline.