Upgrades Planned for KoP Hotel After $13M Acquisition

There are plans for propertywide upgrades to a King of Prussia hotel after a multimillion acquisition.

The Hyatt Place King of Prussia hotel has been acquired for $13 million by a combined venture consisting of real estate investment firm DoveHill and its Philadelphia and Fort Lauderdale, Fla.-based hospitality partner Wurzak Hotel Group, the companies announced Thursday.

Wurzak assumed management of the 129-room hotel, adding it to the hotel group's Philadelphia portfolio, which now consists of five hotels in the region.

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