Although terms of the local deal were not disclosed, at just over $41,000 per room for the four-property package, the Holiday Inn Select Bucks County piece would add up to just under $9 million. Meanwhile, the renovations will cost Amerimar Enterprises and Angelo, Gordon & Co. more than $10,000 per room.
Changes at the property will include a new restaurant, an Old Chicago Pizza franchise. Staying on are general manager Bob McGowan as well as sales and marketing manager Ron Balle.
The team of Amerimar Enterprises and Angelo, Gordon & Co. have redeveloped the Radisson Hotel & Suites in Chicago, Hotel George inWashington DC, the Sheraton Atlanta Hotel and Hotel Derek inHouston.
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