wjz-13 all-news-99-1-wnew 1057-the-fan 1300logo2_67x35

Local

Cumberland Holiday Inn Sold For $3.6M

View Comments
money, money generic, cash

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

CUMBERLAND, Md. (AP) — The Holiday Inn in downtown Cumberland has a new owner.

The Cumberland Times-News reported Monday that CHPHC Hotel LLC of New York bought the 130-room property Feb. 8 from Maryland Motel Management Inc.

State tax records list the sale price at $3.6 million. That’s $1.3 million less than the 2005 sale price of $4.9 million.

The 40-year-old hotel is located near the downtown pedestrian mall and the Amtrak station. It was the city’s only major chain hotel for many years until a Fairfield Inn opened in 2009.

The Holiday Inn had a workforce of 53 late last year.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 3,217 other followers