JLL’s Hotels & Hospitality group represent the seller in the sale of the 127-key Hyatt Place Pittsburgh Airport/Robinson Mall in Pittsburgh, PA

SOLD: The 127-room
Hyatt Place Pittsburgh Airport / Robinson Mall
Located at 6011 Campbells Run Road
in Pittsburgh, PA

 

 NEW YORK, NY –  JLL’s Hotels & Hospitality group has arranged the sale of the 127-room Hyatt Place Pittsburgh Airport / Robinson Mall in Pittsburgh, Pennsylvania. The price was not disclosed.

 

JLL worked on behalf of the seller and procured the buyer.

 Located at 6011 Campbells Run Rd., the hotel is primarily supported by airport demand. It also boasts proximity to prime Pittsburgh destinations such as Acrisure Stadium, the Pittsburgh Zoo, Settlers Cabin Park, S&T Bank Music Park, PPG Arena and the Pittsburgh Botanic Garden. The property features an indoor pool, fitness center and on-site dining.

 

The JLL Capital Markets Investment Sales team was led by Director Philip White.

“The buyer saw an incredible opportunity to purchase an asset well-below replacement cost in a market with a lack of new competitive supply," said White.

Philip White

 "The buyer intends to renovate the hotel to compete better within its competitive set as well as maximize profitability within a rebounding Pittsburgh market,” 

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750