Strasburg Ramada Inn is sold
Jerry King sells property to group of investors
STRASBURG – The Ramada Inn has been sold for $2,250,000 to a group of investors.
The hotel, located on a 6-acre plot at 35 Brandy Court, was sold April 1 by King Plumbing and Heating Inc., owned by local businessman Jerry King, to the Strasburg Hotel Group, a limited liability company. The company has six investors – Nilesh Patel, Kuldip Patel, Sagar Patel, J.D. Patel, Harry Patel and Nick Patel.
King’s daughter Jerri said that her father is trying to downsize after having heart surgery recently, and that the sale of the Ramada will help do that.
Strasburg Hotel Group will keep the building as a Ramada Inn and, due to a franchise contract, the investors are required to do so for an amount of time that will be determined upon finality of the sale, according to Nilesh Patel, the investment group’s managing partner.
He said he plans to move to the area shortly and will assume day-to-day management of the hotel.
“We want to be part of the community … we saw a good opportunity here. We liked the location, and I’ve always lived in smaller towns, so I like small towns,” said Niles Patel, who hails from Connecticut. “I’ve met lots of very friendly people up here.”
He added that the Ramada’s location was a big draw.
“It’s a good town to be in, in my opinion,” he said. “We are very centrally located and there’s a lot of traffic that goes by … we like the small town.”
He added they have a good plan for the property, “to make it much better, in a sense. It’s in good shape, but we are keeping all the staff and the restaurant.”
This is the first property purchased by Strasburg Hotel Group, and according to Nilesh Patel the group has no plans for immediate expansion.
According to Wyatt Pearson, Strasburg planning and zoning administrator, the nearby annex with the Ramada sign and the outdoor staircase is not a part of the sale.
The Hangouts Grill restaurant at the Ramada Inn will continue to function as normal – its management rents from the Ramada Inn. The name, management and menu will remain the same, Nilesh Patel said.
Jerri King said the Signal Knob Recreation Center will not be affected by the sale and will continue to be owned and operated by the King family.
Contact staff writer Nathan Budryk at 540-465-5137 ext. 155, or email@example.com
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