NEW YORK—JLL’s Inns & Hospitality Group introduced that it organized the sale of the 127-room Hyatt Place Pittsburgh Airport / Robinson Mall in Pittsburgh, Pennsylvania. JLL labored on behalf of the vendor and procured the client.
The lodge is primarily supported by airport demand. It additionally has proximity to Pittsburgh locations corresponding to Acrisure Stadium, the Pittsburgh Zoo, Settlers Cabin Park, S&T Financial institution Music Park, PPG Area, and the Pittsburgh Botanic Backyard. The 127-room property options an indoor pool, health heart, and on-site eating.
The JLL Capital Markets Funding Gross sales workforce was led by Director Philip White.
“The client noticed an unbelievable alternative to buy an asset properly under alternative price in a market with an absence of latest aggressive provide. The client intends to renovate the lodge to compete higher inside its aggressive set in addition to maximize profitability inside a rebounding Pittsburgh market,” mentioned White.
