Arden Group Acquires DoubleTree Suites by Hilton Philadelphia West
Tuesday July 16th, 2013 - 4:28PM E
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PHILADELPHIA—Arden Group has acquired the 253-room DoubleTree Suites by Hilton Philadelphia West from the lender, an affiliate of LNR.
The property features more than 8,000 sq. ft. of meeting space, an indoor pool, whirlpool, fully equipped fitness center, business center and onsite dining options.
Arden will invest $6M into the hotel to renovate guestrooms and public spaces and to add a new restaurant, which will be completed in Fall 2014.
Tags: • Hospitality • Acquisitions •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.