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NHH ACQUIRES EMBASSY SUITES, DOUBLETREE PROPERTIES

PITTSBURGH AND ROSWELL, GA. — National Hospitality Holdings (NHH) has acquired Embassy Suites Pittsburgh-International Airport Hotel and Doubletree Hotel Atlanta/Roswell from General Electric for an undisclosed price. The investments are NHH’s first two acquisitions under the recently formed joint venture with CMS Companies.

The Embassy Suites property in Pittsburgh features 223 rooms and 13,650 square feet of meeting space. It is located less than five miles from Pittsburgh International Airport and 15 miles from downtown.

The Doubletree property in Roswell features 172 rooms and 12,000 square feet of meeting space. It is located along Georgia State Route 400 between the Perimeter and Alpharetta, and is enhanced by a “Southern mansion-style” façade.

“Having a funded joint venture partner (CMS Companies) allowed us to move quickly on this portfolio opportunity,” said John DePaul, managing principal and CEO of NHH.

Each hotel will undergo a multi-million renovation to all guestrooms, function space and public areas and will be operated by NHH Hotels & Resorts under a long-term license agreement with Hilton Hotels Corp.

“We will renovate our product, train our employees and enhance service levels to be the preferred hotels in each market. The multi-million dollar renovations will position these assets with the latest technology, fitness facilities and brand standards, maximizing RevPAR penetration and profitability,” DePaul said.

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