Hawkeye Hotels, with the assistance of Berkadia, announced that they have successfully acquired the Hotel Indigo Pittsburgh East Liberty located in Pittsburgh, PA. Successfully closing the transaction in just 21 days from contract execution. Hawkeye Hotels has gained a reputation for quickly and efficiently closing deals despite challenging debt market dynamics.
With this acquisition, Iowa-based Hawkeye Hotels continues its growth in the North East, making this their third hotel owned and operated in Pennsylvania. The company is positioned to continue acquiring and developing hotels, including an additional upscale extended stay hotel in Erie to add to their recently opened Holiday Inn.
Hawkeye Hotels is expanding in the Northeast after acquiring, developing, and operating dozens of hotels in over 20 states across the United States. “We continue to be bullish on the hospitality market recovery and look forward to seeking out additional opportunities to acquire hotels across the United States”, said Parth Patel Head of Investments at Hawkeye Hotels.
“We plan to continue growing in the eastern markets of the country, with more acquisition opportunities and several developments slated to start later this year” said, Om Patel Head of Development for Hawkeye Hotels. “We look forward to enhancing our relationships in this region.”
Hotel Indigo Pittsburgh East Liberty is a restored boutique hotel in the Heart of Pittsburgh’s historic East Liberty Neighborhood, filled with decor and design showcasing the community’s theater, entertainment and charitable heritage. Every room features plush bedding, spa inspired showers, and complimentary Wi-Fi. Our food and beverage offerings include an array of local cuisine along with a full bar. The hotel is conveniently located close to the Carnegie Museum, Carnegie Mellon University, the University of Pittsburgh, Phipps, Heinz Chapel, St. Paul’s and East Liberty Prebsyterian Church.
