Greenwood Racing completes acquisition of The Inn at Fox Chase
Over the next six to 12 months, the hotel will be upgraded through an extensive renovation project.
It has been announced that The Inn at Fox Chase in Pennsylvania has been acquired by a Greenwood Racing subsidiary. Greenwood Racing owns and operates Parx Casino in Bensalem, PA as well as Parx Racing, a horse racetrack and simulcasting facility.
“For several years, we have been exploring adding a hotel to the Parx complex as we continue to broaden the appeal and geographic reach of the Parx Casino brand,” Greenwood Racing CEO Eric Hausler said.
“We welcome the Inn at Fox Chase employees to the Parx family and look forward to creating a first-class leisure experience for our guests over the coming months.”
Over the next six to 12 months, the 167-room hotel will be upgraded through an extensive renovation project. The project will include updates to guest rooms and public areas as well as the transformation of the top floor of the hotel into 16 new suites.
Upon completion of the renovations, the hotel will be rebranded to a Parx family property.
The hotel will remain open throughout the renovation process and all current reservations and group bookings will be unaffected. Current eligible employees of The Inn at Fox Chase will be offered continued employment with the new ownership as part of the transition if they wish.
In 2019, Parx Casino launched sports betting with a $10m sportsbook and online sports wagering. Greenwood Racing affiliates conduct online casino gaming in Pennsylvania, New Jersey and Michigan while also currently running sports wagering operations in the previously mentioned states plus Ohio and Maryland under the betPARX brand.
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