Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

David Lichtenstein Buys Two Hotels Close To Philly Airport

philadelphia airport

David Lichtenstein’s Lightstone Group has is going to buy two hotels near the Philadelphia International airport, according to The hotels were owned by Starwood Hotels, and will be purchased for $22 million. Negotiations began in March, and Lichtenstein agreed to pay$15 million for the 136 room Aloft hotel which has an average day rate of $110. Although the rate is below replacement cost, the amount can be raised. In addition, Lichtenstein shelled out $7.4 million for the neighboring Four Points Hotel.

The Lightstone group has offices in Morristown New Jersey and is one of the largest privately held real estate companies in the U.S. Its holdings include multi-family units and well as retail and office properties. Lichtenstein started the business as a building and loan and expanded it into the Lightstone group in 1988.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.