Friday, November 21, 2014

Kratsa selling off 15 hotels

Kratsa Properties, owner of Hotel Tyvek, located in the heart of Mt. Lebanon, is selling off 15 hotels. Don't worry, Folks. Hotel Tyvek is not being sold. It is scheduled to open 2012 2013 2014 2015.

Sources: Kratsa selling off portfolio of 15 hotels in region

3 comments:

Anonymous said...

Here's what's interesting. All of the currently operating SpringHill Suites that are listed on the Kratsa website are being sold to Aimbridge...all of them.

So where does that leave the non-operating, yet to be open SpringHill Suites in Mt. Lebanon?

Nick M.

Anonymous said...

This project has been jinxed from the very beginning. The location was the 3rd. choice for Kratsa in their targeted Mt. Lebanon/USC area. A zoning violation was next, and Lebo bent over backward and amended the entire Uptown zoning provisions to allow Kratsa conformance and defied a recent Commonwealth Court decision in the process that required Zoning Hearing Board representation at Common Pleas zoning appeal hearings, denied our Zoning Board.

Then came the hidden defects of coal discovered in the excavation for the underground parking, and buried forgotten gasoline storage tanks from a former gas station. Then the inability geologically for the underground parking soil structure to support a 100 ft. crane for 7-8 stories of structural steel erection - the crane had to be approved by a very reluctant PennDOT to be sited on Washington Rd., blocking a lane of north bound traffic for what eventually amounted to some 18 months or so, which violated the PennDOT permit and resulted in fines. Then the roofing arrived 3 months late, the hotel windows arrived and were the wrong sizes. Believe the contractor was fired and replaced along the way. And there was and is more. The project was originally to be completed by March, 2013.

Anonymous said...

Hello! Anyone out there? Attorney general? PennDOT? Ethics board? Voters? Media? Allegheny County?

This is exactly what happens when people ignore the elephant in the living room.