Tuesday, August 28, 2018

Embassy Suites in Chesterbrook Sells for $29M

Valley Forge Investment Corp. sold the Embassy Suites Philadelphia Valley Forge hotel at 888 Chesterbrook Blvd. in Chesterbrook, Pennsylvania, to a family investment group for $29 million, or about $127,000 per unit.

Valley Forge has decided to end their long-time run in the hotel business as this sale marks the divestiture of the final hospitality property in its portfolio.

The 196,801-square-foot building was constructed in 1981. It offers 229 guest rooms in Chester County.

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