FAIRFIELD, NJ— Prime Hospitality Corp. announced that it has completed the sale of one of its full-service hotels, the Trevose Radisson hotel in Trevose, PA to 2400 Limited Partnership. Prime will no longer be involved in the operation of the hotel. The sale reflects Primes ongoing strategic initiative to divest its hotel real estate and reinvested the proceeds in developing its brands or improving its balance sheet. Over the past two years, Prime has generated approximately $260 million from hotel sales.
Previous ArticleBloom To Leave Cendant
Next Article Kent Previews Lodging, Gaming Quarterly Earnings