Hamister Group, LLC Completes Sale of Clarion Inn in Cranberry Township, PA
Hamister Group, LLC, a nationally recognized hospitality management company, has successfully completed the sale of the Clarion Inn in Cranberry Township, Pennsylvania. This transaction marks the final disposition of assets from a broader portfolio investment in the Pittsburgh, PA market, originally sold in 2013, and represents the successful culmination of the company’s strategic investment cycle for the region. The Clarion Inn, known for its convenient location and high-quality accommodations, was a key component of Hamister Group’s Pittsburgh-area portfolio. The sale of this asset underscores the company’s ability to maximize shareholder value through strategic acquisitions, operational enhancements, and disciplined divestment strategies. “Our investment in the Pittsburgh portfolio has been a great success, and this final disposition of the Clarion Inn brings that chapter to a close,” said Josh Klotzbach, Vice President of Construction for Hamister Group, LLC. “We take pride in our ability to identify opportunities, enhance asset value, and deliver strong returns to our investors.” “The sale of the Clarion Inn is another testament to our disciplined investment approach,” added Daniel Hamister, Chairman & CEO. “Our focus on strategic acquisitions and operational excellence has allowed us to provide investors with a total return of 17.7% IRR over 19 years of ownership, and we look forward to continuing to seek new investment opportunities that align with our expertise.”
