Radisson in Bensalem is on the auction block starting at $4.65M. What else could go on there?
The fate of the six-story, 274-room Radisson Northeast Philadelphia is in limbo as the 49-year-old hotel and banquet hall heads to the auction block.
The current opening bid is $4.65 million for the prime location at the border of Philadelphia and Bucks County, according to several real estate auction houses. Bidding is open now.
Radisson Hotel Northeast Philadelphia details
The Radisson, built in 1974 at 2400 Old Lincoln Highway in the Trevose section of Bensalem, also known as Route 1, is managed by Clearwater, Florida-based TJM Properties, Inc.
TJM Properties did not return calls and emails requesting comment. As of this week, TJM Properties website still lists Radisson Northeast as open for business and under its managerial umbrella. The hotel is a spot for weddings, conventions and hotel guests. It includes a bar and restaurant.
Records indicate TJM Properties purchased the hotel in 2015 for $10.5 million.
Langhorne Hotel for sale:Langhorne Hotel, among Bucks' oldest inns, is for sale. History, charm part of $2.5M asking price
Possible usages for 2400 Old Lincoln Highway, auction impact
The eight-acre site sits in a G-C/General Commerce District zone, which provides any new owners great leeway in determining the next use of the property.
According to the Bensalem code, general commercial districts provide for the special requirements of retail commercial establishments, and are designed to encourage attractive, compact retail commercial development in locations close to local residences, yet near arterial roads or major thoroughfares.
The Radisson property sits just a few miles from entrances to the Pennsylvania Turnpike, Interstate 95 and the busy Street Road and Roosevelt Boulevard corridors.
New developments in Bristol Township:Bristol Township to get Starbucks, new hotel and more on long-vacant land near I-95
The impact the impending auction will have on tourism in Bucks County remains to be seen.
Visit Bucks County, Bucks County's official tourism bureau, referred questions to TJM Properties and otherwise declined to comment. However, Visit Bucks County showcases the hotel on its website, promoting it as one of Sesame Place's official hotels and its proximity to Route 1 and Interstate 95.
Bensalem Mayor Joe DiGirolamo, a proponent of redevelopment, hasn't returned requests for comment.
This article originally appeared on Bucks County Courier Times: Radisson Hotel in Trevose up for sale; bids start of $4.65 million
