Thursday, May 23, 2013

Philly's biggest hotel up for sale as tourism slows: report

Host Hotels & Resorts hopes to sell Philadelphia's largest hotel, the 1,400-room, 23-story  Philadelphia Marriott Downtown, reports Real Estate Alert, Hoboken, NJ. The newsletter said Host hopes to fetch as much as $325 million, or $231,000 per room, more than triple the total price paid in any previous Philadelphia hotel resale. Broker is Eastdil Secured. Read more here…

No comments:

Post a Comment