Holiday Inn near Hollywood Casino sold for nearly $8M

The Holiday Inn Harrisburg-Hershey hotel near Hollywood Casino at Penn National Race Course in Dauphin County has been sold for nearly $8 million.

Dauphin County deed records show an ownership change occurred on Dec. 10. The Holiday Inn property at 604 Station Road in East Hanover Township was sold for $7.95 million. 

The buyer is listed as Harrisburg Hershey Hotel LLC, based in New Jersey. The seller was listed as MAM-Grantville Hotel Owner LLC, which was connected to Marathon Asset Management LP, a New York City-based investment manager.

Last month, Atlanta-based hotel operator Valor Hospitality Partners, which was managing the hotel, filed a notice with the state about 130 potential layoffs as its management deal ended.

The notice, filed Nov. 9 under the Worker Adjustment and Retraining Notification Act, or WARN, said the new owner would be leasing the hotel to an entity known as DreamStay Hotels LLC.

Jason Scott
Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin and Cumberland counties. Have a tip or question for him? Email him at jscott@cpbj.com.

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