Optimum Sells Comfort Inn Brandywine Valley
Suburban Philadelphia Hotel Sold to Regional Operator
PHILADELPHIA, PA, September 5, 2006. Optimum Hotel Brokerage announced today that the firm has closed on the sale of the Comfort Inn & Suites Brandywine Valley The 75-room hotel is located in West Chester, Pennsylvania, a suburban market of Philadelphia. Joe McCann, president of Optimum Hotel Brokerage represented the seller in the transaction. The select service hotel was purchased by a Mid-Atlantic-based multi-unit owner and operator. The three-story hotel was built in 1998 and features an indoor pool, two meeting rooms, gift shop, fitness room and Jacuzzi suites. The Comfort Inn & Suites Brandywine Valley has earned Choice's prestigious Gold Award for six years.
'The Comfort Inn & Suites Brandywine Valley's superb location, excellent condition, Comfort branding, and consistent financial performance made this asset highly attractive to capable buyers' explained McCann. 'The hotel enjoys consistently improving business from many of the corporate and leisure demand generators in the market, which has high economic and regulatory barriers to entry.' Optimum Hotel Brokerage created a targeted marketing campaign that stimulated buyer interest and competition, resulting in multiple asking-price, non-contingent offers. The sale was one of the highest per-room prices ever paid for a Comfort Inn hotel, according to Hotel Brokers International's Tranactions database.
Philadelphia, Pennsylvania-based Optimum Hotel Brokerage is a full service hotel brokerage firm. The firm's recent sales include the 1,639-room Palmer House Hilton in Chicago; the 153-room Days Inn Rochester Airport in Rochester, New York; the 197-room Southbury Hilton in Southbury, Connecticut; the 150-unit Best Western Lawton in Lawton, Oklahoma; the 161-unit Holiday Inn Express Waterbury in Waterbury, Connecticut; the 100-room Days Inn in Niantic, Connecticut, the 153-unit Days Hotel in Rochester, New York, the 304-room Crowne Plaza Meadowlands in Secaucus, New Jersey and the 350-room Crowne Plaza Hartford in Hartford, Connecticut. Optimum Hotel Brokerage expanded its operations and opened their Philadelphia headquarters office in November 2005.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
