651 Fountain Road, Plymouth Meeting, PA, 19462, US

Courtyard Philadelphia Plymouth Meeting

Attributes

Number of units

157

Year built

1998

Building area net

42,200 sf

Land area gross

7.18 acres

Description

Plymouth Meeting: JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale a fee simple interest in the 158-room Courtyard Philadelphia Plymouth Meeting (the "Hotel" or "Property"). Strategically positioned in the heart of Philadelphia's thriving corporate corridor, the Property benefits from immediate proximity to major demand generators including industry giants: Cencora ($262.8B revenues), UGI and Ikea as well as LEGOLAND® Discovery Center and Metroplex Mall. The Property also is located only 16 miles north of Philadelphia’s City Center, perfectly located to capitalize on Philadelphia's unprecedented event calendar through 2026, including the FIFA World Cup, MLB All-Star Game, and America's semi quincentennial celebration

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Investment Highlights

This acquisition represents a compelling value-add opportunity as the Hotel has the opportunity to transition from traditional Marriott management to third-party or owner-operator oversight for the first time, unlocking immediate operational enhancement potential. A new owner will acquire an excellently cash-flowing asset offered at a significant discount to replacement cost with minimal, but rate-enhancing change of ownership PIP within a diverse Philadelphia submarket.