Back to list March 26, 2014 CAEDC Assists with Funding for Comfort Suites Carlisle Hospitality Asset Management Company Announces Acquisition of Carlisle Comfort Suites Cumberland Area Economic Development Corp. Assists with Funding CARLISLE, PA (March 26, 2014) – Hospitality Asset Management Company, Inc. out of State College is pleased to announce the acquisition of the Carlisle Comfort Suites Hotel at 10 S. Hanover Street effective March 6, 2014. “We are pleased to welcome Comfort Suites to the HAMCO Hotels menu of options for overnight accommodations in Central Pennsylvania” said Mark Morath, CEO of Hospitality Asset Management Company, Inc. “The services and accommodations that will be provided to our guests at the Comfort Suites nicely complement our other properties and offer an excellent choice for leisure or business needs.” Hospitality Asset Management Company, headquartered in State College, currently operates six lodging properties and two restaurant establishments in State College: the Days Inn Penn State, the Hilton Garden Inn, Super 8, Quality Inn, Nittany Budget Motel, the AAA Four Diamond Carnegie Inn & Spa, Gigi’s Restaurant and the award winning Carnegie House Restaurant. Cumberland Area Economic Development Corporation (CAEDC) assisted HAMCO with the acquisition and renovation funds for Comfort Suites Carlisle through the Cumberland Small Business Fund and the Tourism Infrastructure Loan Fund (TILF). “We see a lot of value in this project and acquisition due to our ability to assist in the financing through our county revolving loan funds to retain existing jobs and assist in the renovations and improvements to a key hotel in downtown Carlisle” said Jonathan Bowser, CAEDC CEO. “The Comfort Suites is an important hotel property for tourism, meetings, and business travel.” The TILF loan program was established by CAEDC to lessen the financial risk to banks lending capital to businesses in the tourism industry for acquisitions and facility improvements during a time where it was a challenge for most in the industry to secure financing. The Comfort Suites features 99 well-appointed guest rooms and 6 jacuzzi suites. The hotel is ideally located in the downtown Carlisle historic district just 1 mile from I-81 and 3 miles from the Pennsylvania Turnpike. Additionally, the hotel features convertible meeting space with facilities for up to 400 event participants, a full service lounge and restaurant. Comfort Suites offer large guestrooms with soft, soothing fabrics, full-size sleeper sofas, spa-like baths, flat-screen TVs, refrigerators, microwaves, and individually controlled LED reading lights. The hotel also features a restaurant and fitness center, free WI-FI internet and is pet friendly. Guests enjoy the complimentary Your MorningTM Breakfast, with healthy and satisfying options including a delicious flavored waffle station, hot eggs and meats, yogurt and a variety of fresh fruits. For guests in a rush, Comfort Suites hotels also offer convenient Your Suite SuccessTM Grab It & Go breakfast bags. The Grab It & Go bag is available for two hours before regular breakfast service. This hotel participates in Choice Privileges, the rewards program from Choice Hotels and one of the industry’s fastest-growing loyalty programs. Membership is free and offers points good toward free nights, airline miles, gift certificates and more while staying at more than 6,000 Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brand hotels as well as Ascend Hotel Collection member hotels. The Comfort Suites brand is franchised by Choice Hotels International, Inc., one of the world’s largest lodging franchisors. For more information, visit ComfortSuites.com. About CAEDC CAEDC is Cumberland County’s authorized agency charged with leveraging and promoting Cumberland Valley’s economic development and tourism assets to drive growth, create jobs and improve the quality of life. Offices are located at 53 W. South Street, Carlisle PA. For more information, visit www.cumberlandbusiness.com and www.visitcumberlandvalley.com.