BETHESDA, MD— Crestline Capital Corp. has sold its 205-room Baltimore Inner Harbor Courtyard to RLJ Development LLC, a Bethesda based hotel company for $26 million. Crestline Hotels & Resorts, a wholly owned subsidiary, will continue to manage the hotel under a long-term management contract. James Francis, executive vp/CFO commented, “This hotel has performed exceptionally well since we opened it in December of last year. We believe that downtown limited-service properties with an excellent brand provide very strong returns.” The sale will generate approximately $24 million in after-tax proceeds, he said. As previously announced, the company is exploring all strategic options available for efficiently redeploying capital and maximizing shareholder value. The 205-room Baltimore Inner Harbor Courtyard is located at 1000 Aliceana Street. The property offers meeting rooms and conference rooms totaling nearly 2,500 square feet, water-view rooms, and all of the recent Courtyard brand enhancements including a library with high-speed data ports and individual work stations. The hotel is part of the two-million-square-foot Inner Harbor East mixed-use development.