Paramount Lodging Advisors Sells Two Limited Service Hotels in Pittsburgh
PITTSBURGH, PA. June 8, 2016 - Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Holiday Inn Express Harmarville and the Comfort Inn Meadowlands. PLA exclusively represented the seller with Managing Directors Bennett Webster and Brent Clemens, and Associate Omari Head leading the efforts on the transaction of the two properties.
“This deal concludes three successful transactions in Pittsburgh in the prior three months. We continue to be pleased with the interest levels and believe there remains substantial pent up demand for limited and select service product in Allegheny and Washington County,” noted Head.
“These deals now bring our Ten-X Commercial (formerly Auction.com) total hotel volume up over 100 assets. We look forward to continued success on the platform,” added Clemens.
About Paramount Lodging Advisors
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information about PLA, please visit http://www.paramountlodging.com/.
Contact:
Jacki Bubis
jbubis@paramountlodging.com
3122390166
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
