Cumberland Holiday Inn Sold For $3.6M

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.)

Comments

More From CBS Baltimore

Tune In To The Grammys On Feb 15!
Track Weather On The Go With Our App!

Listen Live