BALTIMORE, MD—This is a story of an old-time hotel being repositioned with care taken to conserve its historic roots—via one of the newest sources of financing available to developers.
Baltimore developer Shaffin Jetha is renovating and repositioning his recently-acquired Mount Vernon Hotel at 24 West Franklin into a 170-room Hotel Indigo hotel, a brand franchised by InterContinental Hotels Group.
For the local community, the key aspect of the deal is that the boutique hotel is being redesigned with the local culture and history of the surrounding Mount Vernon neighborhood in mind.
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