PITTSBURGH, PA — HREC Investment Advisors has arranged the sale of the 107-guestroom Hampton Inn Pittsburgh-McKnight located in Pittsburgh.
HREC Investment Advisors represented the seller on this transaction. The marketing and negotiations were led by Ketan Patel, managing director, located in the Washington DC office, Ted Anka, vice president located in the Miami office and Mark von Dwingelo, broker of record for Pennsylvania.
The Hotel is located immediately off of McKnight Rd. roughly five miles north of Downtown Pittsburgh. Optimally situated between Cranberry Township and Downtown Pittsburgh, the Hotel profits directly from a healthy mix of diversified businesses, as well as its proximity to major area attractions, such as Ross Park Mall and Downtown Pittsburgh. The property is located near major industrial, medical and university demand generators, such as the UPMC Passavant Medical Center, Triangle Tech, University of Pittsburgh, and Carnegie Mellon University.