Best Western Sold in Quakertown, PA
Thursday June 6th, 2013 - 9:26AM FE
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QUAKERTOWN, PA—The Best Western Quakertown was sold here in this Philadelphia suburb to undisclosed local hotel investors.
“The Best Western Quakertown is a 44-unit, well-constructed hotel that had been operated by the same family owners for more than 30 years and the hotel reflects the care and attention of two generations of family ownership,” said Joe McCann, president of Optimum Hotel Brokerage, which handled the deal.
Tags: • Hospitality • Acquisitions • Brokers •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.