CORAOPOLIS, Pa.—Commercial real estate investment services firm Marcus & Millichap recently announced the sale of the 223-room Embassy Suites Pittsburgh Airport in Coraopolis, Pennsylvania. The property sold for $25 million, which equates to $112,108 per room.
Jerry Swon and Daniel Zagoria of Marcus & Millichap’s Manhattan office represented the seller, NHH CMS Pittsburgh LP, and procured the buyer, a private developer. Mark Taylor in Marcus & Millichap’s Wynnewood office is the firm’s broker of record in Pennsylvania.
“We are pleased to have successfully brought about the sale of the Embassy Suites in Coraopolis,” Swon says. “The buyer’s vision for repositioning the asset made them uniquely qualified to execute on this transaction.”
Built in 1990, the Embassy Suites Pittsburgh Airport is located at the intersection of Cherrington Parkway and Corporate Center Drive in Coraopolis. Situated on a hilltop, the hotel is highly visible from the intersection of Coraopolis Heights Road and Cherrington Parkway, a prominent juncture located just off the Thorn Run Road exit of Interstate 376, the major thoroughfare between Pittsburgh International Airport and Downtown Pittsburgh.