HREC Brokers Sale of 115-Room Hotel in Wilkes-Barre

by David Cohen

WILKES-BARRE, PA. — HREC Investment Advisors has brokered the sale of the 115-room Red Roof Inn Wilkes-Barre Arena, 20 miles south of Scranton. The sales price was not disclosed. The buyer is a northeast operator and an existing Red Roof franchisee. HREC represented the seller in the transaction, Red Roof Inn Corporate. The sale was negotiated by Zane Varvel and Herb Warmbrodt of HREC. The hotel is six miles south of a 400,000-square-foot Amazon distribution center.

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