ARCWheeler Announces Grand Opening of Hotel Monaco Baltimore

October 2009

    FOR IMMEDIATE RELEASE

  ARCWHEELER ANNOUNCES GRAND OPENING CELEBRATION OF NEW HOTEL MONACO BALTIMORE

Historic B&O Railroad building to host a “Grand Adventure” for local residents and business travelers

Baltimore, MD –September 17, 2009 – ARCWheeler, owner of the historic B&O Building, home to new Kimpton Hotel Monaco, will celebrate the official Grand Opening of Baltimore's first luxury boutique hotel on October 1, 2009.  The event will feature remarks by Baltimore Mayor Sheila Dixon and other key civic, community and business leaders, followed by the official railroad tie “spike drive,” that will mark the Hotel's official introduction to the City.  The $65M, 202-room Hotel Monaco Baltimore and adjacent B&O Brasserie restaurant have been extremely well received by local residents and business travelers alike since it began accepting guests on July 30.    

“The reception the hotel has received so far has been astounding,” said Hal Wheeler, managing principal, ARCWheeler.  “The development of the historic B&O Building and opening of the Hotel Monaco Baltimore opens a new chapter of exciting economic development, tourism and marketing opportunities for the City of Baltimore.  We are excited for the Hotel's continued success and look forward to being an active member of the Baltimore business community.”  

The Hotel Monaco Baltimore is conveniently located on the corner of Charles and Baltimore Streets, close to the hustle and bustle of the Inner Harbor, Baltimore Convention Center and renowned attractions, such as the National Aquarium in Baltimore and the Maryland Science Center.  The 220,500 sq ft hotel offers fine dining at the B&O American Brasserie restaurant and more than 6,000 square feet of fully equipped meeting and event space to accommodate every traveler's needs for both business and pleasure.  The Hotel Monaco offers signature customer service features such as Tall Rooms for “vertically gifted” guests and goldfish to keep business travelers' company during extended trips. 

The 13-story Beaux Arts building was originally constructed in 1906 and served as the historic headquarters of the B&O Railroad.  In 2001, the building was listed as one of the “Ten Enduring Landmarks of Baltimore's Central Business District” by the National Parks Service's Historic Buildings Survey.   The building retains many of the features from its historic past, including stunning twin marble staircases, original Tiffany windows and Beaux Arts style architectural elements. 

ABOUT ARCWHEELER

ARCWheeler is a Philadelphia-based company specializing in multiple real estate products in major metropolitan markets. Combined, the principals of ARCWheeler have been responsible for the acquisition and development of more than 150 projects with an aggregate value in excess of $3 billion. ARCWheeler’s primary focus is to develop competitively in urban growth markets that have evolved over the last five years due to general population shifts back to major cities.

ABOUT HOTEL MONACO BALTIMORE

Located in the heart of the bustling Baltimore business district, Kimpton’s Hotel Monaco Baltimore artfully blends historic architectural elements with a bold, sophisticated and contemporary style.  Originally the site of the Baltimore and Ohio Railroad Headquarters, this distinctive hotel features 202 luxurious rooms and suites with upscale amenities that create the perfect oasis for leisure and business travelers alike. The Hotel Monaco is located at 2 North Charles Street, just a short walk from the picturesque Inner Harbor and Baltimore Convention Center.  For hotel reservations, call 866-973-1904 or visit www.monaco-baltimore.com.

Contact: Rebecca Devine, Maven Communications, 267-546-9009/ rdevine@mavenagency.com

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