Highline Hospitality Partners Announces Acquisition of Pittsburgh Marriott North
PITTSBURGH, Pennsylvania—Highline Hospitality Partners (HHP) announced the acquisition of the Pittsburgh Marriott North hotel. The transaction marks Highline’s 17th hotel acquisition and its first investment in Pennsylvania.
Located in the Cranberry submarket, at the doorway to the Cranberry Woods Office Park and approximately 20 miles north of downtown Pittsburgh, the 298-room hotel involves approximately 12,000 square toes of flexible assembly residence, alongside with a 7,500-square-foot ballroom. On-web explain online products and providers consist of a elephantine-service restaurant, a lift-and-run market, a Starbucks kiosk, an indoor pool, and a sanatorium. Highline has engaged Avion Hospitality to aid watch over the hotel, marking one other strategic partnership between the 2 corporations.
“We’re furious so to add the Pittsburgh Marriott North to our portfolio and to lengthen our relationship with Avion,” said Chuck Pomerantz, managing accomplice of Highline Hospitality Partners. “This institutionally owned, high of the variety asset is a sturdy addition given its strategic plot in Cranberry Township and the diverse, stable inquire generators that toughen the submarket. We predict relating to the property is smartly-positioned to elevate sturdy money run alongside with the circulation and prolonged-term price as we proceed expanding into unique markets nationwide.”
In the beginning delivered in 2003, the hotel has been institutionally owned and smartly-maintained, making the most of most important capital investment in latest years. While the property is in strong physical condition and maintains a sturdy guest service reputation, Highline plans to pursue centered renovations, primarily fascinated by guestrooms, in the approaching years.
