PITTSBURGH, Pennsylvania—Highline Hospitality Companions (HHP) introduced the acquisition of the Pittsburgh Marriott North lodge. The transaction marks Highline’s seventeenth lodge acquisition and its first funding in Pennsylvania.
Situated within the Cranberry submarket, on the entrance to the Cranberry Woods Workplace Park and roughly 20 miles north of downtown Pittsburgh, the 298-room lodge consists of roughly 12,000 sq. ft of versatile assembly area, together with a 7,500-square-foot ballroom. On-site facilities embody a full-service restaurant, a grab-and-go market, a Starbucks kiosk, an indoor pool, and a health heart. Highline has engaged Avion Hospitality to handle the lodge, marking one other strategic partnership between the 2 companies.
“We’re excited so as to add the Pittsburgh Marriott North to our portfolio and to broaden our relationship with Avion,” stated Chuck Pomerantz, managing accomplice of Highline Hospitality Companions. “This institutionally owned, high-quality asset is a powerful addition given its strategic location in Cranberry Township and the varied, steady demand turbines that assist the submarket. We imagine the property is well-positioned to ship sturdy money circulate and long-term worth as we proceed increasing into new markets nationwide.”
Initially delivered in 2003, the lodge has been institutionally owned and well-maintained, benefiting from significant capital funding in recent times. Whereas the property is in robust bodily situation and maintains a strong visitor service fame, Highline plans to pursue focused renovations, primarily targeted on guestrooms, within the coming years.
