Innovative Hospitality Management Acquires Inn At Fox Chase In Bensalem For $13.75M

The Inn at Fox Chase in Bensalem, Bucks County, Pennsylvania, has been sold to New Hope-based Innovative Hospitality Management for $13.75 million. The hotel, located at 3327 Street Road, is an attractive investment due to its proximity to Parx Casino and Racing and recent renovations. The property consists of 167 keys, with a price per key of $82,335.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $13,750,000
• Address: 3327 Street Road - Inn at Fox Chase, Bensalem, Pennsylvania
• Market: Bensalem, Pennsylvania
• Buyer: Innovative Hospitality Management - Montu Patel
• Seller: GHM Properties
• Keys: 167
• Price Per Key: $82,335

Innovative Hospitality Management, represented by Montu Patel, has acquired the Inn at Fox Chase. The company plans to focus on attracting corporate and event business to the property, taking advantage of its proximity to Parx Casino and Racing and the recent renovations.