Below are Wardman's acquisition criteria for its proactive sourcing strategies.  It also occasionally reactively reviews opportunities in other sectors and locations.


  • Hotels, including:
    • Urban, suburban, and resort
    • Branded or independent
    • Full service and select/limited service
  • "Small cap" commercial real estate in the Baltimore to Richmond corridor, including multifamily, retail, industrial, and office properties


  • Hotels: East Coast (Maine to Florida)
  • Commercial: Baltimore to Richmond corridor

VALUE-ADD/Opportunistic Strategies

  • Renovations
  • Expansions
  • Change in use
  • Management/staffing changes
  • Distressed/turnaround situations
  • Up-branding / down-branding
  • Shifts in marketing/sales/PR strategy
  • Utility expense reductions