Thursday, January 2, 2014

Laurus Corp Acquires Hilton Garden Inn for $16.4M

Laurus Corporation purchased the Hilton Garden Inn Philadelphia / Ft. Washington hotel located at 530 Pennsylvania Ave. in Fort Washington, PA from Magna Hospitality Group LC for $16.4 million, or about $112,000 per unit. 

The six-story, 146-room hotel totals 94,861 square feet on eight acres. Some of the amenities include an indoor swimming pool, business center, laundry room for guest to use, with a restaurant and three meeting facilities and close access to the Interstate and SEPTA.

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