Starwood puts its three hotels near Philadelphia Airport up for sale

Starwood Accommodations & Resorts Worldwide, Inc. is actually selling its trio of hotels near Philadelphia Airport terminal.

The particular complex includes the particular 251-room Sheraton Rooms Philadelphia Airport Hotel, the 177-room Four Points simply by Sheraton Philadelphia Airport and also Aloft Philadelphia Airport along with 136 rooms — 564 rooms mixed.

Simon Turner, president of global development regarding Starwood, said Friday: “Starwood continues its systematic pursuit of an asset-light strategy by promoting hotels to owners who share our vision for every property. We are fortunate to get a quality profile of owned assets in many high barrier-to-entry markets.

“With ongoing improvements in hotel business fundamentals, historically low interest rates and improving capital markets conditions, we’ve seen a meaningful increase in customer curiosity…. inch

The particular airport complex joins the particular Philadelphia Marriott as substantial properties available for purchase. A spokesperson confirmed earlier this year how the Down-town Marriott, with 1, 408 rooms, is looking for a buyer.

Peter Tyson, vice president of PKF Contacting USA, which paths the region’s hospitality business, said the airport complex obviously advantages from its place.

inch[It] is great with regards to capturing demand generated by the airport and from the surrounding area, inch Tyson said in an email. “The airport is in charge of a significant number of room-nights: troubled passengers; passengers along with early morning flights preferring to spend the particular trip’s eve close to the airport; commercial airline crews; in-transit travellers with their second-leg flights the following time; and groups preferring to meet close to the airport for convenience of vacation.

“Further, there are lots of companies in southwestern Philadelphia and Delaware homes County that generate require rooms in hotels.. inch



Get in touch with Suzette Parmley at 215-854-2855, sparmley@phillynews. com, or on Twitter @SuzParmley.


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Starwood Accommodations & Resorts Worldwide, Inc. is actually selling its trio of hotels near Philadelphia Airport terminal.

The particular complex includes the particular 251-room Sheraton Rooms Philadelphia Airport Hotel, the 177-room Four Points simply by Sheraton Philadelphia Airport and also Aloft Philadelphia Airport along with 136 rooms — 564 rooms mixed.

Simon Turner, president of global development regarding Starwood, said Friday: “Starwood continues its systematic pursuit of an asset-light strategy by promoting hotels to owners who share our vision for every property. We are fortunate to get a quality profile of owned assets in many high barrier-to-entry markets.

“With ongoing improvements in hotel business fundamentals, historically low interest rates and improving capital markets conditions, we’ve seen a meaningful increase in customer curiosity…. inch

The particular airport complex joins the particular Philadelphia Marriott as substantial properties available for purchase. A spokesperson confirmed earlier this year how the Down-town Marriott, with 1, 408 rooms, is looking for a buyer.

Peter Tyson, vice president of PKF Contacting USA, which paths the region’s hospitality business, said the airport complex obviously advantages from its place.

inch[It] is great with regards to capturing demand generated by the airport and from the surrounding area, inch Tyson said in an email. “The airport is in charge of a significant number of room-nights: troubled passengers; passengers along with early morning flights preferring to spend the particular trip’s eve close to the airport; commercial airline crews; in-transit travellers with their second-leg flights the following time; and groups preferring to meet close to the airport for convenience of vacation.

“Further, there are lots of companies in southwestern Philadelphia and Delaware homes County that generate require rooms in hotels.. inch



Get in touch with Suzette Parmley at 215-854-2855, sparmley@phillynews. com, or on Twitter @SuzParmley.

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