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Home Borrowers Accommodations The Atherton Hotel

The Atherton Hotel

Location:

125 S. Atherton Street
State College, PA

County:

Centre

Description:

Refinance and Improvements

Total Project Cost:

$8,800,000

Visit Online:

athertonhotel.net
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People

Maggie Patt Biddle has been the general manager of the Atherton Hotel since 1996, and acquired ownership of the hotel in 2012. The Atherton Hotel is a full-service 150 room hotel located in downtown State College, PA. The hotel offers a restaurant, lounge and bar, and conference and banquet facilities that can accommodate up to 300 guests. Other amenities include complimentary underground parking, same day laundry and cleaning services, high speed internet access, 24 hour security and concierge services.

Progress

With financing from The Progress Fund, Enterprise Bank, and Somerset Trust, Maggie was able to refinance debt and make additional improvements to better serve her guests.

Impact

The improvements to the hotel benefit the area by providing even higher quality accommodations and retaining approximately 30 full-time equivalent jobs and providing potential future employment opportunities with expanded occupancy and services.  State College and Penn State University are major tourist destinations in Central PA, along with area trails, Shaver’s Creak Environmental Center, several parks and Victorian Villages. The Atherton provides high quality accommodations to travelers and those attending events at the university.

 

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Previous borrower The Country Cupboard & Nature Run Wood Works
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