Paramount Lodging Advisors (PLA) is pleased to announce the sale of the SpringHill Suites Pittsburgh West Mifflin and Comfort Inn & Suites Pittsburgh RIDC. PLA exclusively represented the seller on both deals with Associate Omari Head and Managing Directors Brent Clemens and Bennett Webster leading the efforts on the nearly 320 combined rooms across the two assets.
The two deals mark PLA’s fourth and fifth consecutive successful engagements in the Pittsburgh area in 2016. “Despite a slight dip in area performance, we were pleasantly surprised with the buyer turnout and remain bullish on broader Pittsburgh area demand,” noted Head.
Clemens added, “We look forward to continuing our current success in the Pittsburgh market and believe it is an opportune time to take advantage of the apparent stabilization of recent new regional supply additions.”