Oakhurst Advisors acquires Hyatt Place in King of Prussia, Pa.
Gehr Hospitality, a division of The Gehr Group, has acquired the 129-room Hyatt Place located in King of Prussia, Pa., through a joint venture with Oakhurst Advisors.
“We like the Philadelphia market, and in particular the local demand generators in the King of Prussia sub-market,” said David Lifschitz, president and CEO of The Gehr Group.
The hotel, fully renovated in 2018, is situated at the heart of King of Prussia’s affluent corporate office district, anchored by numerous Fortune 500 companies. The hotel also is surrounded by an array of tremendous leisure attractions, including the King of Prussia Mall (now the largest shopping mall in the United States), the Valley Forge National Historical Park, the Valley Forge Casino Resort, and a host of youth sports venues. In addition to the surrounding leisure attractions,