King’s Confirms Ramada Purchase

Map of Pennsylvania highlighting Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

WILKES-BARRE, PA — King’s College confirmed Monday that it has agreed to purchase the Ramada hotel property located at 20 Public Square for $2.7 million.

King’s also is seeking $7 million in state funding to purchase and renovate the hotel to accommodate expansion of its physician assistant program.

The college has applied for the funding through the Redevelopment Assistance Capital Program that is proposed in state Senate Bill 680. The legislation has been approved by the state House and Senate and is now in Gov. Tom Corbett’s office.

If approved, the legislation would provide the project with $7 million in state funding to be matched by the college, making for a $14 million project.

Read more: http://timesleader.com/news/local-news/941057/Kings-confirms-Ramada-purchase

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Ramada Near Deal With King’s College, Sources Say

Map of Pennsylvania highlighting Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

WILKES-BARRE, PA —The King’s College physician-assistant program has attracted several hundred applicants, and the college is looking for space to allow that expansion.

Apparently, that space might be the Ramada Hotel on Public Square.

Although sources said no deal has been struck to date, several indicated that there is a strong interest from King’s in the 105-room hotel that opened in the 1980s as the Sheraton-Crossgates.

Tony Grosek, owner of the Ramada, said he has been talking to college officials about entering into a long-term deal, but Grosek said he couldn’t confirm that anything has been finalized.

Read more: http://timesleader.com/news/local-news/933106/Ramada-near-deal-with-Kings-College-sources-say