PARK RIDGE HOTEL SOLD
KING OF PRUSSIA, PA. — HREC Investment Advisors has completed the sale of the Park Ridge Hotel, a 265-room hotel located in King of Prussia. The buyer, Philadelphia-based Wurzak Hotel Group, plans to eventually redevelop the hotel into two hotels, an Element and a Sheraton/Westin. Geoff Davis of HREC represented the seller, Starwood Hotels. The acquisition price was not disclosed.