Greenwood Hospitality Group Announces Acquisition of Hilton Hotel In Harrisburg, PA
Harrisburg, PA - July 26, 2012 - Greenwood Hospitality Group today announced the acquisition of the Hilton hotel located in Harrisburg, PA. Greenwood's Principal Thomas Conran made the announcement.
Developed in 1990, the Hilton Harrisburg is situated in the heart of downtown and features 348 guestrooms, 26,000 square feet of meeting and conference room space, The Golden Sheaf (AAA-Four Diamond restaurant), and other casual restaurant and lounge options. The hotel is situated only two blocks from the State Capital Complex and is connected by an enclosed walkway to the Whitaker Center for Science and the Arts and Strawberry Square, a mixed-use retail and office complex.
In the coming months, Greenwood will perform a multi-million dollar renovation that will include updates and additions to all guestrooms and public spaces.
Commenting on the acquisition, Conran said, “The Hilton Harrisburg is an exceptional property, with a strong flag, in a well-performing market. The property is indicative of Greenwood's objective to identify and facilitate the acquisition of first-class real estate in vibrant markets. Additionally, a significant capital outlay will enhance all aspects of the property and position the asset for strong, long-term appreciation.”
About Greenwood Hospitality Group
Greenwood Hospitality Group is engaged in the acquisition, repositioning and management of upscale, full-service and select-service hotels throughout the United States. Greenwood's portfolio includes 2,000 and 1,200 employees. Based in Denver and with offices in Hartford and Houston, Greenwood was founded in 2009 by industry veterans Thomas Conran, Aik Hong Tan and Bill Zollars, who together have more than 75 years of industry investment and management experience. The company's vision is to set new excellence standards regarding the relationship it forges with its investors, property level associates, and the communities in which they work.
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