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 •
I recently returned from ALIS and, on the trip home, Dennis Nessler and I shared stories about who we met and what we heard—not only the news of the industry, but the temperature of it. And, we concluded what many of you I’m sure have, too: It’s pretty hot right now.