ANZ Hospitality, a Malvern hospitality company, has acquired the Sheraton Great Valley Hotel in Frazer for $11.9 million in mid-November, writes Emma Dooling for the Philadelphia Business Journal. 

According to Chirag Patel, founder and CEO of the hospitality group, the total cost of the acquisition was a little over $14.5 million for the hotel, the land adjacent to it, and lending charges related to the acquisition. 

The Sheraton Great Valley features 193 rooms along with a pool, hot tub, fitness center, and roughly 8,000 square feet of event space. The on-site restaurant, the White Horse Tavern and Wine Bar, which is located in an adjacent historic building, was also part of the acquisition. The restaurant was originally constructed as the White Horse Tavern of the Brandywine Valley in 1715 and is one of the nation’s first licensed public houses. 

ANZ Hospitality already purchased the Sheraton Bucks County Langhorne, and a chance to pair the Sheraton Great Valley with that hotel was too good to pass up, said Patel. 

“It fits and it works in our business model,” he added. 

Read more about ANZ Hospitality acquiring Sheraton Great Valley Hotel in Frazer in the Philadelphia Business Journal.