PITTSBURGH — Family House Inc., a long-established nonprofit that provides a “home away from home” to medical patients and their families visiting Pittsburgh for care, has bought one of the city’s busiest hotels at a discount in what the organization is calling a “transformational event” for its ongoing mission.
According to a release from Family House, the nonprofit paid $20.5 million for the 132-room Courtyard by Marriott Shadyside, buying it from Chicago-based Watermark Lodging Trust Inc., a predecessor of which paid nearly $30 million for it at what was considered a healthy price in 2013.
Family House Board Chair Al Vallano, a first vice president at Hefren-Tillotson, suggested the importance of the investment could not be overstated in a prepared comment: “This marks a truly historic moment in the life of Family House. Not since the day this health care lodging facility first opened its doors in 1983, to serve patients and caregivers who travel to Pittsburgh to receive life-sustaining medical care and treatment, has such a transformational event taken place.”
The Pittsburgh Business Times reported a change was in the works for the property at the corner of Liberty and Centre Avenues Tuesday as hotel staff were telling the public the Courtyard by Marriott was no longer operating as a hotel and the signs on the building were covered over.
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