{"id":1004227113,"date":"2018-05-07T07:57:04","date_gmt":"2018-05-07T15:57:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227113"},"modified":"2022-12-08T13:25:51","modified_gmt":"2022-12-08T21:25:51","slug":"pittsburgh-embassy-suites-changes-hands-for-25m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/","title":{"rendered":"Pittsburgh Embassy Suites Changes Hands for $25M"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004227131\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004227131\" data-attachment-id=\"1004227131\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/embassy-suites-pittsburgh-airport-hotel-in-coraopolis-pa-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\" data-orig-size=\"1020,767\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1525338579&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Embassy Suites Pittsburgh Airport hotel in Coraopolis, Pa..\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Embassy Suites Pittsburgh Airport hotel in Coraopolis, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg?w=1020\" class=\"wp-image-1004227131 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\" alt=\"\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg 1020w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg?resize=768,578 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227131\" class=\"wp-caption-text\">Embassy Suites Pittsburgh Airport hotel, Coraopolis, Pa.<\/p><\/div>\n<p>NHH CMS Pittsburgh LP has sold the\u00a0223-key Embassy Suites Pittsburgh Airport\u00a0hotel, located in Coraopolis, Pa. The $25 million\u00a0deal was brokered by Marcus &amp; Millichap, equating to a price of $112,108 per key. According to public records, the former owner purchased the hotel in 2008, for $21.5 million.<\/p>\n<p>The property is situated at 550 Cherrington Parkway, <a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-secures-one-of-the-largest-industrial-sales-in-pittsburgh\/\">adjacent to Pittsburgh International Airport<\/a>. The site is located between Interstate 376 and Beaver Grade Road, while downtown Pittsburgh is roughly 17 miles away.<\/p>\n<p>Embassy Suites Pittsburgh Airport was built in 1990 on a hilltop. The geological location provides good visibility from I-376, the main artery connecting the airport to Downtown. The closest retail, dining and entertainment center is within an eight-minute drive.<\/p>\n<p>Jerry Swon and Daniel Zagoria of Marcus &amp; Millichap\u2019s Manhattan office represented the seller and procured the buyer.<\/p>\n<p><em>\u201cThe buyers\u2019 vison for repositioning the asset made them uniquely qualified to execute on this transaction,\u201d<\/em> said Swon, in prepared remarks.<\/p>\n<p><em>Image via Google Maps\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sale of Embassy Suites Pittsburgh Airport\u00a0hotel in Coraopolis was brokered by Marcus &amp; Millichap, equating to a price of $112,108 per key. <\/p>\n","protected":false},"author":739,"featured_media":1004227131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,21742,10,1602],"tags":[34836],"class_list":["post-1004227113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-latest","category-northeast","category-pittsburgh","tag-marcus-millichap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pittsburgh Embassy Suites Changes Hands for $25M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pittsburgh Embassy Suites Changes Hands for $25M\" \/>\n<meta property=\"og:description\" content=\"The sale of Embassy Suites Pittsburgh Airport\u00a0hotel in Coraopolis was brokered by Marcus &amp; Millichap, equating to a price of $112,108 per key.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-07T15:57:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:25:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1020\" \/>\n\t<meta property=\"og:image:height\" content=\"767\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\",\"name\":\"Pittsburgh Embassy Suites Changes Hands for $25M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\",\"datePublished\":\"2018-05-07T15:57:04+00:00\",\"dateModified\":\"2022-12-08T21:25:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Embassy-Suites-Pittsburgh-Airport-hotel-in-Coraopolis-Pa..-1-e1525352796354.jpg\",\"width\":1020,\"height\":767,\"caption\":\"Embassy Suites Pittsburgh Airport hotel in Coraopolis, Pa.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pittsburgh-embassy-suites-changes-hands-for-25m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pittsburgh Embassy Suites Changes Hands for $25M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. 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