Ketan Patel of JLL added a new listing for sale at 2350 Easton Rd in Willow Grove. For additional details, click here.
EXECUTIVE SUMMARY The offering represents an outstanding opportunity to acquire premium Marriott branded hotels that are well located within their respective submarkets, as each Property boasts excellent proximity to a diverse set of demand drivers. Comprehensive PIP-required renovations coupled with improving market conditions, a dedicated management team, and minimal new supply in each submarket will allow the Hotels to reclaim market share, surpass peak performance, and drive additional cash flow. The Properties, which were previously managed by Marriott, are being offered unencumbered of management, free and clear of debt, and at a substantial discount to replacement cost.
