Commercial Real Estate Direct Staff Report The Hilton Garden Inn in the Philadelphia suburb of Fort Washington, Pa., has sold for $11.05 million, or $75,685/room, resulting in a $7.75 million loss to the CMBS trust that had held a $15.08 million mortgage against it. The hotel, constructed in 1964 and renovated in 2015, was purchased […]

The post Phila.-Area Hotel Sells for $11.05Mln, Resulting in $7.75Mln Loss to CMBS Loan appeared first on Commercial Real Estate Direct.