Courtyard Philadelphia Plymouth Meeting
651 Fountain Road, Plymouth Meeting, PA, 19462, US
157 unités
Attributs
Nombre d'unités
307
Superficie du bâtiment brute
15 173 mètres carrés
Superficie du terrain brute
3,86 ha
Descriptif
JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale, as a portfolio or individually, fee simple interest in the 227-room Crowne Plaza Philadelphia – King of Prussia and the 80-room Fairfield Inn King of Prussia (the “Hotels” or “Properties”). The Properties are strategically positioned in Montgomery County's rapidly expanding corridor, directly adjacent to the King of Prussia Mall and benefiting from the region's diversified economy anchored by leading life sciences, healthcare, and financial services companies. Philadelphia's robust event calendar through 2026, including the FIFA World Cup, MLB All-Star Game, and March Madness, creates exceptional demand catalysts for revenue optimization. New ownership has the opportunity to benefit from significant RevPAR upside potential with both assets currently underperforming their respective competitive sets on an overall RevPAR basis while maintaining strong ADR positioning.
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Points forts de l'investissement
- Prime King of Prussia Location- The Hotels are strategically positioned in King of Prussia, one of Philadelphia's premier suburban markets and home to numerous Fortune 500 companies including Universal Health Services, UGI, and major corporate offices. The Properties benefits from its proximity to the King of Prussia Mall, one of the largest shopping destinations on the East Coast, and convenient access to Philadelphia International Airport. This location provides consistent demand from corporate travelers, retail visitors, and leisure guests exploring the greater Philadelphia region.
- Significant Upcoming Demand Catalysts- Philadelphia is positioned to benefit from major upcoming events including the 2026 FIFA World Cup matches at Lincoln Financial Field, the MLB All-Star Game at Citizens Bank Park, and NCAA March Madness tournament games. These events are projected to generate substantial economic impact, with the World Cup alone expected to attract over 450,000 attendees and create $460 million in economic impact. The city's robust pipeline of conventions and events, combined with strong tourism fundamentals, supports sustained lodging demand growth.
- Discount to Replacement Cost- The Hotels are being offered at a discount to replacement cost. The cost to develop hotels has increased significantly in recent years giving potential investors the opportunity to benefit greatly from this attractive basis.
- Flexible Portfolio Offering- The Crowne Plaza and Fairfield King of Prussia are being offered in a flexible portfolio. Investors have the opportunity to purchase the Properties individually or together.
Média
King of Prussia Hotel Portfolio (2 Propriétés)
King of Prussia Hotel Portfolio (2 Propriétés)
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Dernière mise à jour
1 déc. 2025