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| Fairfield Inn & Suites Pittsburgh Downtown, 435 Fort Pitt Boulevard |
PITTSBURGH,
Pa. — Woodmont Lodging, a leading hotel company, and Milestone
Companies, a premier full-service real estate development company specializing
in hotel assets, jointly announced the completed acquisition of the 98-room Fairfield
Inn & Suites Pittsburgh Downtown.
Woodmont Lodging will provide asset management
services, and Milestone Hospitality will deliver property management services
to the newly constructed hotel.
“We continue to seek premium-branded assets in compelling markets with multiple
demand generators capable of better weathering any potential economic
downturns,” said Elliott Estes, principal, Woodmont Lodging.
“Pittsburgh
is a dynamic market, the hotel has incredible river views and is surrounded by
a variety of Fortune 500 companies, universities, hospitals and a growing tech
corridor. The hotel is the newest property in Pittsburgh, providing
business and leisure guests with the latest amenities.”
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| Elliott Estes |
The
hotel provides customers with fantastic waterfront views along the Monongahela
River and ease of access to the Station Square entertainment and retail
district.
Each room and suite provide oversized
workspaces with ergonomic chairs, complimentary high-speed Wi-Fi, cotton-rich
linens and a comfortable pillow top mattress for relaxation.
Hotel
amenities include a 24/7 fitness center, guest laundry, sundry store and a
daily, complimentary hot breakfast. The hotel hosted its grand opening in
October 2019 after two years of construction.
“This acquisition marks our second Fairfield Inn & Suites and our third
Marriott-branded hotel,” Estes added. “We are confident that our
familiarity with the brand, coupled with Milestone’s expertise and
comprehensive approach to property management, will allow us to quickly ramp up
operations and position the hotel as the upper mid-scale destination of choice
for visitors to the area.”
CONTACT:
CHRIS
DALY
PRESIDENT
DALY
GRAY PUBLIC RELATIONS, INC.
620
Herndon Parkway, Suite 115 | Herndon, VA 20170
Main:
703-435-6293
Mobile:
703-864-5553
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