Jones Lang LaSalle Arranges Sale of Inn at Reading, PA
OCTOBER 8, 2009 - Jones Lang LaSalle Hotels' select service division is pleased to announce the sale of The Inn at Reading in Wyomissing, Pennsylvania to Reading Hotel Park, Inc. The 170-key property has a 40-year operating history as one of the area's premier hotel and conference centers.
Conveniently located at the crossroads of U.S. Routes 222 and 422, the property was renovated in 2005 and features oversized guestrooms and approximately 13,000 square feet of flexible conference/banquet space along with an outdoor swimming pool.
"The acquisition of this asset provided the buyer with an opportunity to invest in a hotel situated in proximity to the major markets of Philadelphia and Baltimore," said Mark von Dwingelo, a senior vice president with Jones Lang LaSalle Hotels. "The property was sold unencumbered by either management or franchise agreements, allowing an owner/operator the opportunity to affiliate the property with a national brand in the future."
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