Capstone is pleased to present the Nine-99 Motel Conversion, a hotel-to-apartment redevelopment opportunity located in Frederick, MD (Washington, D.C. MSA). The property currently operates as a 158-key Motel 6. The hotel-to-apartment conversion space gives a rare opportunity for developers to reposition the existing asset into a rental apartment community. This is an opportunity for buyers to provide attainable housing, without incurring the expenses of ground-up construction. Potential renters will benefit from incredible accessibility to the employment and retail nodes of the Frederick Submarket. Convenient location and strength of surrounding multi-family fundamentals make the Nine-99 an attractive investment opportunity.
Rare Hotel-to-Apartment Redevelopment Opportunity
Unbeatable Accessibility to Employment and Retail Nodes