Real Estate
The Joseph Ambler Inn Has Been Sold
The property, which was owned by William Penn until 1682, includes a hotel, restaurant, bar, and popular wedding venue.
NORTH WALES, PA — Montgomery County's historic Joseph Ambler Inn, a property once owned by William Penn and which has been held by the current owner since the 1980s, has been sold.
A local group headed by investors Milind Satam and Jeetu Satpute purchased the Inn, they confirmed. The price was $5.7 million plus additional undisclosed costs, the Philadelphia Business Journal reported.
When the Inn was first put up for sale in 2024, the previous owners said that none of its essential operations were shutting down and that they were looking for a buyer who would continue its existing operations.
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The Inn includes a hotel, tavern, restaurant, and event meeting spaces. This marks the first time that the business, launched by Richard Allman in 1983, has gone up for sale.
The property features a total of 40,000 square feet of buildings and frequently hosts luxury events like weddings and business conferences.
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Wheelwright Joseph Ambler purchased the property in 1723. It had been owned until 1682 by William Penn.
The Inn is located on 1005 Horsham Road within the North Wales zip code.
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