640-Fountain-Road-Plymouth-Meeting-PA

PCCP Provides $30.8M Loan for Refinance of DoubleTree Suites Philadelphia West

by Amy Works

PLYMOUTH MEETING, PA. — PCCP LLC has provided a $30.8 million senior loan to Arden Group for the refinancing of DoubleTree Suites Philadelphia, a full-service hotel located at 640 Fountain Road, 15 miles northwest of Philadelphia in Plymouth Meeting. Built in 1987 and situated on 7.9 acres, the 253-key hotel was recently renovated with upgrades to the lobby, restaurant, bar, guest suites and elevators. The property features 195 king suites, 53 double-double suites, two food and beverage locations, 8,100 square feet of meeting space, a fitness center and an indoor swimming pool. John Randall of PCCP arranged the financing for the borrower.

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