JLL’s Hotels & Hospitality group announced Friday that it arranged the sale of the 125-room Holiday Inn Express & Suites Pittsburgh-South Side in Pittsburgh, Pennsylvania.
JLL represented the seller and procured the buyer.
The Holiday Inn Express & Suites is situated on 1.73-acres at 20 South 10th St. The six-story hotel offers 600 square feet of meeting space, a fitness center, indoor pool and business center.
The hotel is in the heart of the city’s core social scene and is surrounded by a wide array of retailers, restaurants, upscale residential units and lifestyle shops. It is within three miles of the University of Pittsburgh, Duquesne University and Carnegie Mellon which, combined, boast a student population of over 52,000, according to a press release.
Pittsburgh is an acclaimed tourist destination as well as a top destination for large and small businesses from across the world. As evidenced by the Pittsburgh region’s outstanding track record of business and tourism-related accolades, the region is largely focused on expanding its economic development and tourism initiatives, which provide tremendous benefit to local hoteliers.
The JLL Investment Sales and Advisory team was led by Managing Director Ketan Patel and Vice President Phil White.