ATLANTIC CITY, NJ – TJM Atlantic City added a third property to its portfolio with the purchase of the Radisson Philadelphia Northeast, a 274-room property in Trevose in Bucks County, Pennsylvania. Located 20 miles from Center City Philadelphia, the hotel caters to business travelers and conference attendees, as well as families visiting nearby attractions such as Sesame Place. The recently formed hotel management company purchased the Radisson for $15 million. TJM Atlantic City is a subsidiary of TJM Properties, a privately held real estate firm in Clearwater, Florida.
“We are expanding and building a varied portfolio that will include individual hotels, branded properties and resorts,” says Cem Erenler, Vice President Operations and Business Development for TJM Atlantic City. Mr. Erenler is also General Manager of Atlantic City’s legendary Claridge Hotel, now TJM Atlantic City’s flagship. TJM purchased The Claridge in 2014 for $12.5 million and implemented a multi-million renovation. Plans call for a new conference center to be added to the landmark property. The company also owns the Atlantic Club, formerly the Hilton Hotel and Casino.
The Radisson Philadelphia Northeast enjoys a prime location 23 miles from Philadelphia International Airport and 42.8 miles from Lehigh Valley International Airport. The area is known for its natural beauty, historic attractions, shopping and entertainment, and proximity to prominent universities. Area attractions include Sesame Place Theme Park, Parx Casino & Racetrack, Philadelphia Mills Shopping Mall, Neshaminy Mall, and Sportsplex.
“TJM Atlantic City is very proud to be adding this outstanding hotel and the Radisson flag to our portfolio,” says Cem Erenler. “We are planning improvements in some areas of the property but the Radisson Philadelphia Northeast is already well-positioned to serve a growing and diverse market in the Philadelphia area.”