Baltimore Strikes Deal to Buy 2 Hotels to House Homeless Residents; Search Took Nearly 3 Years

February 15, 2024
Partnerships, M&A

In a landmark move, Baltimore is on the brink of sealing a deal to acquire two hotels to provide housing for its homeless population. This initiative, born out of a nearly three-year quest, marks a significant step forward in the city's ongoing efforts to tackle homelessness.

After an exhaustive search spanning almost three years, Baltimore is on the verge of finalizing a $15.2 million agreement to purchase two hotels. These establishments, a Holiday Inn Express and a Sleep Inn, situated near the intersection of Gay and Front streets, hold promise as shelters for those in need.

Mayor Brandon Scott's administration is championing this endeavor as a vital expansion of support for Baltimore's most vulnerable residents. With homelessness being a pressing issue exacerbated by the pandemic, the acquisition of these hotels underscores a commitment to providing tangible solutions.

The road to securing these accommodations has been fraught with challenges and delays. Despite initial efforts dating back to April 2021, it took until now for the deal to materialize fully. Delays were compounded by bureaucratic hurdles and changes in leadership within the Mayor's Office of Homeless Services.

This initiative represents a departure from traditional shelter models, particularly in light of the pandemic's implications. By opting for hotel housing, the city aims to mitigate health risks while offering a more dignified and secure living arrangement for its homeless population.

Federal funding, notably from the American Rescue Plan Act, has played a pivotal role in facilitating this endeavor. With substantial allocations earmarked for emergency housing, Baltimore has seized the opportunity to leverage these resources for the greater good.

The journey towards securing these accommodations has not been without its share of obstacles. Administrative reshuffles, financial discrepancies, and bureaucratic setbacks have tested the resolve of city officials. However, the imminent realization of this endeavor signals a triumph of perseverance and determination.

With the impending acquisition of these hotels, Baltimore is poised to embark on a new chapter in its approach to addressing homelessness. As the city prepares to usher in this transformative initiative, stakeholders are hopeful that it will serve as a beacon of compassion and progress in the fight against homelessness.

The acquisition of two hotels to house homeless residents represents a watershed moment for Baltimore. After years of meticulous planning and negotiation, the city is on the brink of realizing a vision that promises to uplift and empower its most vulnerable citizens. As the community eagerly awaits the implementation of this groundbreaking initiative, the spotlight shines brightly on Baltimore as a trailblazer in the quest for equitable and compassionate solutions to homelessness.

Photo: The Baltimore Sun

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