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Douglas Development Enters Baltimore With Purchase of Downtown Hotel

DC Firm Closes on Kimpton Hotel Monaco Near the Inner Harbor
The Kimpton Hotel Monaco Baltimore opened in 2009 out of the old B&O Railroad headquarters. (CoStar)
The Kimpton Hotel Monaco Baltimore opened in 2009 out of the old B&O Railroad headquarters. (CoStar)
By Dylan Wigley
CoStar Research
March 22, 2022 | 5:28 P.M.

A prominent Washington, D.C.-based developer has scored its first investment in the Baltimore market with the purchase of the Kimpton Hotel Monaco.

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