Thursday, January 6, 2011

Collegeville Hotel Sells for $20M

"Apple REIT Nine, Inc. is the new owner of the Courtyard Marriott located at 600 Campus Dr. in Collegeville, PA. The property was purchased from Gulf Creek Hotels for $20 million, or about $151,500 per room.

The 78,911-square-foot, five-story hospitality building is currently operating as a Courtyard Marriott. It was built in 2005, sits on 10 acres, and is located just off of Route 422, the Pottstown Expressway."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.