Gehr Hospitality Acquires the 129-Room Hyatt Place, King of Prussia

USA, Los Angeles, California. August 14, 2019

Gehr Hospitality, a division of The Gehr Group (www.Gehr.com), announced the acquisition of the 129-room Hyatt Place, located in King of Prussia, PA, through a joint venture with Oakhurst Advisors, LLC. The acquisition was financed by Wells Fargo, and The Plascencia Group represented the seller. Ms. Thuong Luong and Ms. Molly Caccamo of Gehr Hospitality led the transaction on behalf of the Company.

We like the Philadelphia market, and in particular the local demand generators in the King of Prussia sub-market," said David Lifschitz, President and CEO of The Gehr Group, "and we welcome the addition of this property to our expanding hospitality portfolio."

The hotel, fully renovated in 2018, is situated at the heart of King of Prussia's affluent corporate office district, anchored by numerous Fortune 500 companies. The hotel is also surrounded by an array of tremendous leisure attractions, including the King of Prussia Mall (now the largest shopping mall in the United States), the Valley Forge National Historical Park, the Valley Forge Casino Resort, and a host of youth sports venues. In addition to the surrounding leisure attractions, the hotel's immediate vicinity, Moore Park KOP, is home to more than 4,000 companies with over 20,000 employees. The city possesses the largest concentration of commercial office, industrial, and flex buildings in the Philadelphia suburban region, with more than 17 million square feet of space.

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Architecture & Design: Biophilic Design

The hospitality industry is constantly evolving to meet and exceed guest expectations. As a result, hotels are always on the lookout for new ways to improve the guest experience, and architecture and design is an essential part of this equation. Bold design is often the most effective way to make an exceptional first impression - an impression guests use to distinguish between brands. One design trend that is being embraced worldwide has become known as “Biophilic Design.” Biophilic design is based on the concept of biophilia, which is the theory that human beings have an innate tendency to seek out nature, natural elements, and natural forms. Biophilic design is more than hotels simply adding a surplus of plants; it involves incorporating specific design elements into a hotel in order to imbue it with a sense of wellness and well-being. Some of those elements include exposure to natural lighting; views of nature and rooms with a view; natural architectural patterns; salvaged or reclaimed woods of all types; reclaimed metals; sustainably sourced stone; living green walls and vertical gardens; and direct and indirect exposure to nature. Hotels that have incorporated biophilic design into their properties are reaping the benefits associated with this trend including reduced stress responses, better air quality, lower energy costs, and more positive guest reviews. Biophilic design has also been shown to improve guest moods and to satisfy consumer demand for environmental responsibility. Savvy hotel owners and managers are aware that nature-inspired elements enhance their guests' comfort and well-being, which is why this trend is becoming so prevalent. Biophilic design is just one topic in the fields of hotel architecture and design that will be examined in the November issue of the Hotel Business Review.