Steer Clear and Stay Elsewhere
The negative reviews on here aren't lying. The building itself is beautiful; it's old, historical, and the exterior is a sight to see. However, it's the interior and guest rooms that aren't worth the price. 
The lobby tries to look classy, but it's more of an "old" classy, like it was once classy, but it slowly falling into ruin and everyone's hoping that the guests don't notice. The lobby and the hallways also smell like stale cigarette smoke. 
The furniture in our room and in the hallways look like garage sale furniture. They're dinged, dented, and worn. Where did they get that beat-up table in the elevator foyer on our floor (#16) and the nightstand in our room (#1607)?? The rest of the room was comparable. One full-size bed with an uncomfortable sleep number mattress (tres tacky with wires lying everywhere) shoved up against the windows so you have to crawl over someone, the other on the opposite side of the beat-up nightstand. The rug was okay, I guess. I didn't look closely because I was afraid of what I'd see/find. The bathroom was probably the worst. It felt as clean as a dorm bathroom. The tub and walls could use a good scrubbing, the floor could (and should) be swept and mopped, and there was no plastic lining for the shower curtain. Just a cloth curtain that didn't block the water from getting through once it got wet. So...the floor in front of the shower was repeatedly all wet, not to mention the bathroom sink leaking underneath. 
The location would be good (within walking distance of the Inner Harbor) except it's not in a great part of town, and you certainly wouldn't want to walk around there at nighttime. We did have a late arrival our first night, though, and couldn't find any sort of parking lot. We finally pulled up in front of the hotel (once we actually found it down a side street) and ran in to see where we should park the car. We were given directions to a sketchy underground parking area across the street from the hotel, but not easy to get to by car. We finally found the entrance and lugged our bags up the dirty staircase, since the escalator wasn't working, and I'm not even sure if there was an elevator at all. I was just hoping that our car would still be there intact when we returned to it. The whole area didn't seem safe at all. 
Our last morning, the bill was slipped under the door. When we reserved the room, we had requested a corner room if available for an additional $12/night fee. They were happy to charge us for it; however, we didn't have a corner room. Whomp whomp. We had to straighten that out at check-out. She asked us our room number. Isn't that on the reservation that she was looking up? Can't she tell just by that whether it was a corner room or not? You'd think so, right? It was finally straightened out, but what a pain in the @$$ after a rather unpleasant stay, right? 
After staying at a fabulous hotel in downtown Montreal for about the same price, the Lord Baltimore was a total let-down. It's not good for anyone traveling on business or pleasure. It's only a place to crash if you have no other options and just need a place to sleep for the night. But at their prices, there's got to be better.