Raider Capital Ventures opens Courtyard by Marriott Shippensburg
On October 9, 2015, Raider Capital Ventures LLC (a for-profit partnership between the SU Foundation and Shaner Hotel Group of State College) celebrated the opening of its new four-story, 110-room select-service hotel in Shippensburg with a ribbon cutting ceremony. The hotel officially opened its doors for business on September 29, 2015. Shaner Hotel Group of State College, Pennsylvania is managing and operating the hotel.
The hotel is located at 503 Newburg Road, adjacent to the Conference Center at Shippensburg University. This prime location is just minutes away from the H. Ric Luhrs Performing Arts Center, Seth Grove Stadium, and the Shippensburg University campus.
The SU Foundation made an investment in the hotel through a reallocation of its current real estate investment portfolio. Gifts to the SU Foundation, through a campaign or to the Annual Fund, were not directly used to build or operate the hotel. Between the land and construction, the project came in at $15 million.
The total economic impact of the hotel, direct and indirect spending, is projected at over $9 million over five years. The school district, township, and county will benefit from additional tax revenue estimated at $438,000 over a five year period. The hotel provides full and part-time employment to approximately 40 staff members.
If you are planning a visit to campus – please consider a stay at the Courtyard. Call 717-477-0680 or use the toll-free number at 800-321-2211 to make a reservation.
Planning an event such as conference, meeting, seminar, or even a wedding? The Conference Center at Shippensburg University is conveniently located adjacent to the Courtyard by Marriott hotel.