Radisson Philadelphia Northeast Sold for $15 Million

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TJM Atlantic City added a third property to its portfolio with the purchase of the Radisson Philadelphia Northeast, a 274-room property in Trevose in Bucks County, Pennsylvania. Located 20 miles from Center City Philadelphia, the hotel caters to business travelers and conference attendees, as well as families visiting nearby attractions such as Sesame Place. The recently formed hotel management company purchased the Radisson for $15 million. TJM Atlantic City is a subsidiary of TJM Properties, a privately held real estate firm in Clearwater, Florida.

"We are expanding and building a varied portfolio that will include individual hotels, branded properties and resorts," says Cem Erenler, Vice President Operations and Business Development for TJM Atlantic City. Mr. Erenler is also General Manager of Atlantic City's legendary Claridge Hotel, now TJM Atlantic City's flagship. TJM purchased The Claridge in 2014 for $12.5 million and implemented a multi-million renovation. Plans call for a new conference center to be added to the landmark property. The company also owns the Atlantic Club, formerly the Hilton Hotel and Casino.

The Radisson Philadelphia Northeast enjoys a prime location near the major intersection of Lincoln Highway (US 1) and the Pennsylvania Turnpike (I-276), providing easy access to the area's corporate and leisure markets. The hotel is 23 miles from Philadelphia International Airport and 42.8 miles from Lehigh Valley International Airport. The area is known for its natural beauty, historic attractions, shopping and entertainment, and proximity to prominent universities. Area attractions include Sesame Place Theme Park, Parx Casino & Racetrack, Philadelphia Mills Shopping Mall, Neshaminy Mall, and Sportsplex.

Trip Advisor rates the Radisson Philadelphia Northeast the #1 hotel in the area, and reviewers have high praise for the its facilities, services and friendly staff. The hotel is a 100 percent non-smoking facility.

With 20, 000 square feet of versatile meeting and function space, The Radisson Philadelphia Northeast can host a range of functions from conferences of up to 800 to trade shows, galas, weddings and social events. The hotel offers 19 meeting rooms including the Forest Ballroom, the largest hotel ballroom facility in the area.

The Radisson Philadelphia Northeast offers guests all the amenities and programs Radisson Hotels are noted for including Club Carlson Rewards. In partnership with Meetings Professional International (MPI), all Radisson hotels are Meetings Success Certified. This MPI-approved Certification assures planners that all Radisson properties have the personnel and facilities to create a successful meeting or event. Club Carlson for Planners and several comprehensive meetings packages are available.

The hotel offers an array of dining and recreational opportunities. Guests can dine in the charming Atrium Bistro, relax in the casual Library Lounge or enjoy a meal from room service. Events from meetings to wedding receptions are catered by the hotel's top culinary staff. An indoor/outdoor swimming pool and a fully-equipped Fitness Center are available as well. The Business Center is open 24 hours a day.

The hotel's 274 guestrooms and suites include Business Class Rooms All rooms feature room service, free Wi-Fi, Sleep Number® beds in selected rooms, 32-inch and 37-inch flat-screen TVs, Cable TV and Pay-Per View, three-hour Express Laundry and Valet Service, and a coin-operated laundry.

"TJM Atlantic City is very proud to be adding this outstanding hotel and the Radisson flag to our portfolio," says Cem Erenler. "We are planning improvements in some areas of the property but the Radisson Philadelphia Northeast is already well-positioned to serve a growing and diverse market in the Philadelphia area." 

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