Innovative Hospitality Management Acquires Inn at Fox Chase in Bensalem for $13.75 Million
New Hope-based Innovative Hospitality Management has acquired the Inn at Fox Chase in Bensalem, Bucks County, for $13.75 million.
Innovative Hospitality Management, a New Hope-based company led by Montu Patel, has recently made a significant acquisition in the commercial real estate market. The company has acquired the Inn at Fox Chase, a hotel located in Bensalem, Bucks County, Pennsylvania, for a total of $13.75 million. The seller of the property is GHM Properties, a well-known real estate company in the area.
The Inn at Fox Chase is a strategically located hotel, known for its proximity to the popular Parx Casino and Racing. The hotel has recently undergone renovations, making it an attractive investment opportunity for Innovative Hospitality Management. The company plans to focus on attracting corporate and event business to the property, leveraging its prime location and updated facilities.
The acquisition of the Inn at Fox Chase aligns with Innovative Hospitality Management’s growth strategy in the hospitality sector. The company aims to expand its portfolio of hotels and resorts, offering unique experiences to guests and maximizing returns for investors.
Montu Patel, the leader of Innovative Hospitality Management, has a strong background in the hospitality industry. With years of experience in hotel management and operations, Patel has successfully led the company’s growth and expansion efforts. The acquisition of the Inn at Fox Chase further solidifies Patel’s position as a key player in the commercial real estate market.
The deal was facilitated by reputable brokers in the industry who ensured a smooth transaction between the buyer and seller. The brokers played a crucial role in negotiating the terms of the deal and ensuring that both parties were satisfied with the outcome.
Overall, the acquisition of the Inn at Fox Chase by Innovative Hospitality Management represents a significant milestone for the company. With its prime location and recent renovations, the hotel is poised to attract a steady stream of corporate and event business, contributing to the company’s growth and success in the hospitality sector. As Innovative Hospitality Management continues to expand its portfolio, investors can expect to see promising returns on their investment in the coming years.