Station Square Pittsburgh Hotel has wrapped up the $61 million purchase of a 399-room hotel in Pittsburgh from Forest City Enterprises Inc. (NYSE: FCEA, FCEB)

The target, which does business as the Sheraton Station Square, is a joint venture led by Pyramid Hotel Group and an affiliate of Glenmont Capital Management, a New York-based real estate private equity fund manager.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.