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Hyatt Place Pittsburgh Airport/Robinson Mall Hotel
JLL’s Hotels & & Hospitality group represent the seller in the sale of the 127-key hotel
JLL‘s Hotels & & Hospitality group revealed today that it organized the sale of the 127-room Hyatt Place Pittsburgh Airport/Robinson Mall in Pittsburgh, Pennsylvania.
JLL dealt with behalf of the seller and obtained the purchaser.
Found at 6011 Campbells Run Rd., the hotel is mainly supported by airport need. It likewise boasts distance to prime Pittsburgh locations such as Acrisure Stadium, the Pittsburgh Zoo, Settlers Cabin Park, S&T Bank Music Park, PPG Arena and the Pittsburgh Botanic Garden. The 127-room residential or commercial property includes an indoor swimming pool, gym and on-site dining.
The JLL Capital Markets Investment Sales group was led by Director Philip White.
“The purchaser saw an extraordinary chance to acquire a property well-below replacement expense in a market with an absence of brand-new competitive supply. The purchaser means to refurbish the hotel to complete much better within its competitive set in addition to take full advantage of success within a rebounding Pittsburgh market,” stated White.