The Courtyard by Marriott Airport on the Cherrington Parkway in Coraopolis has a new owner.
Massachusetts-based Service Properties Trust, a Real Estate Investment Trust, sold the local hotel as part of a huge portfolio sale, according to an announcement by CBRE, which represented the seller.
The buyer is a joint venture of Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners.
The sale included 16 hotels with a total of 2,155 rooms in nine states that traded for a compiled sum of $137.3 million.
Read more at Pittsburgh Business Times.
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