Rockbridge Acquires Recently Renovated 333-Room Courtyard by Marriott Philadelphia City Avenue Hotel

USA, Columbus, Ohio. July 02, 2019

Rockbridge today announced the acquisition of the 333-room Courtyard by Marriott Philadelphia City Avenue Hotel. Pinnacle Hotel Management will manage the hotel.

Located close to downtown Philadelphia, the convention center, and minutes from local historic landmarks as well as St. Joseph's University, the recently renovated hotel is well-regarded and highly rated by both business and leisure travelers.

"We are excited to acquire this Courtyard in a great market like Philadelphia," said Chris Diffley, Managing Director, Investment Group at Rockbridge. "We are also pleased to continue our relationship with a solid, reliable partner like Pinnacle while deepening our Marriott portfolio."

The recent renovation touched nearly all aspects of the hotel including all guest rooms and suites. Other features include the Bistro Restaurant with all-day dining, bar, and patio, The Market, more than 6,300 square feet of meeting space, a 3,000 square foot ballroom, 24-hour fitness center, and indoor heated pool.

The acquisition is the seventh deal overall with Pinnacle. The hotel will remain a Marriott branded property.

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in August 2019...

Food & Beverage: Millennial Chefs Lead the Way

Led by Millennial chefs, hotels continue to foster sustainability, sourcing and wellness within their dining rooms and banquet spaces, and by all measures, this is responsible for an increase in their revenues. In many hotels, the food & beverage division contributes 50 per cent or more to hotel sales and they are currently experiencing double-digit growth. As a result, hotel owners are allocating an increasing amount of square footage for F&B operations. The biggest area of investment is in catering, which is thriving due to weddings, social events and business conferences. Hotels are also investing in on-site market or convenience stores that offer fresh/refrigerated foods, and buffet concepts also continue to expand. Other popular food trends include a rise of fermented offerings such as kombucha, kimchi, sauerkraut, tempeh, kefir and pickles - all to produce the least processed food possible, and to boost probiotics to improve the immune system. Tea is also enjoying something of a renaissance. More people are thinking of tea with the same reverence as coffee due to its many varieties, applications and benefits. Craft tea blending, nitro tea on tap and even tea cocktails are beginning to appear on some hotel menus. Another trend concerns creating a unique, individualized and memorable experience for guests. This could be a small consumable item that is specific to a property or event, such as house-made snack mixes, gourmet popcorn, macaroons, or jars of house-made jams, chutneys, and mustards -all produced and customized in house. One staple that is in decline is the in-room minibar which seems to have fallen out of favor. The August issue of the Hotel Business Review will document the trends and challenges in the food and beverage sector, and report on what some leading hotels are doing to enhance this area of their business.