Home
Hotel News
BITAC® Events!
Purchasing & Design West Oct. 20, 2019 More Info 3 Supplier Spots Left
Owners Event Nov. 03, 2019 More Info 5 Supplier Spots Left
HEALTHTAC® Food & Beverage Dec. 08, 2019 More Info
Building Your Hospitality Business
  Are you a member? Log In  or  Sign Up
Hotel Interactive®, Inc.
 
Share
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

Gehr Hospitality Acquires The Hyatt Place, King Of Prussia

Wednesday, July 03, 2019
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter

LOS ANGELES--Gehr Hospitality, a division of The Gehr Group (www.Gehr.com), announced the acquisition of the 129-room Hyatt Place, located in King of Prussia, PA, through a joint venture with Oakhurst Advisors, LLC. The acquisition was financed by Wells Fargo, and The Plascencia Group represented the seller. Ms. Thuong Luong and Ms. Molly Caccamo of Gehr Hospitality led the transaction on behalf of the Company.

“We like the Philadelphia market, and in particular the local demand generators in the King of Prussia sub-market,” said David Lifschitz, President and CEO of The Gehr Group, “and we welcome the addition of this property to our expanding hospitality portfolio.”

The hotel, fully renovated in 2018, is situated at the heart of King of Prussia’s affluent corporate office district, anchored by numerous Fortune 500 companies. The hotel is also surrounded by an array of tremendous leisure attractions, including the King of Prussia Mall (now the largest shopping mall in the United States), the Valley Forge National Historical Park, the Valley Forge Casino Resort, and a host of youth sports venues. In addition to the surrounding leisure attractions, the hotel’s immediate vicinity, Moore Park KOP, is home to more than 4,000 companies with over 20,000 employees. The city possesses the largest concentration of commercial office, industrial, and flex buildings in the Philadelphia suburban region, with more than 17 million square feet of space.
Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Login
Log In
Not yet registered?
Login
Sign Up
Need More Information?
Information
Benefits
 
  RSS Feed
RSS Feed
Policies
Contact Us
Mobile Version