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Hotel / Motel For Sale: Hampton Inn (Somerset, PA)

Property Information

  • Price (IN USD $):
  • Address: 324 Laurel Crest Road, Somerset , PA 15501
  • For Sale/Auction?: Sale
  • Rooms: 110
  • State: Pennsylvania
  • Buildings: 1
  • Country: USA
  • City: Somerset
  • Area ( Sq.Ft. ): 77,231 Sq. Ft.
  • Zip Code: 15501
  • Property ID : 3985

Property Description

INVESTMENT OVERVIEW

An opportunity to own and operate a 110 room Hampton Inn in Somerset, Pennsylvania just 1 hour southeast of Pittsburgh.  It is located off of Interstate 76  after the turnpike exit. It has strong year round lodging demand due to travel demand during the summer and winter ski resort demand. It is a short distance from Seven Spring Mountain resorts, Jennerstown Speedway, Hidden Valley resort, Laurel Highlands State Park and much more. The property is five stories interior corridor and has common area amenities like:  Outdoor pool, fitness center, business center, ice machine, dry clean valet service, free breakfast, free WiFi, safety deposit  box, and free newspaper. The hotel has the following room amenities:  Flat screen TV, clock radio, table and chair, hair dryer, iron/ironing board, direct dial
phone, coffeemaker, microwave, and refrigerator.  The property has a trailing 12 month room revenue over $2,618,664 and is priced at $81,818 per key. The property upon transfer will have a PIP estimated around $1million which will enable the property to maintain its rate and raise occupancy.

Additional Features

INVESTMENT HIGHLIGHTS

110 rooms
Hilton Franchise with 15 Year Renewal
One Hour from Pittsburgh
Excellent Highway Visibility
Year Round Demand with Two Ski Resorts
10.54 Percent Cap Rate
$23,908 Room Revenues per Key
Below Replacement at $81,818 per Key

For Sale by Agent

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Alexandre Duong

Listing Details :
Listed on : 9:34 am
Property Id : #3985

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