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Hotel-Motel

Holiday Inn Express & Suites Belle Vernon

181 Finley Rd, Belle Vernon, PA 15012

Listing Price: $3,750,000

Cap Rate
7.58%
Number of Rooms
70
RevPAR
$43
Gross SF
76,099
Price/Room
$53,571
Price/Gross SF
$49.28
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to present for sale, Holiday Inn Express & Suites Belle Vernon located in Belle Vernon, Pennsylvania. The hotel is absentee managed and will receive a 15 year relicense upon completion of the Formula Blue PIP estimated around $1.3 million or total project cost of $72,142. The hotel has been impacted from covid-19 and historically operated around $1.4 million in room revenues and is positioned to attain pre-covid revenues with hands-on management and a refresh of the property.

Investment Highlights

  • 15 Year License
  • Original Developer - Absentee Ownership
  • Offered Below Replacement Cost $53,751 per Key

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Hotel-Motel

Holiday Inn Express & Suites Belle Vernon

Listing Price: $3,750,000

Cap Rate
7.58%
Number of Rooms
70
RevPAR
$43
Gross SF
76,099
Price/Room
$53,571
Price/Gross SF
$49.28
Year Built
2012

Investment Highlights

  • 15 Year License
  • Original Developer - Absentee Ownership
  • Offered Below Replacement Cost $53,751 per Key

Investment Overview

Marcus & Millichap is pleased to present for sale, Holiday Inn Express & Suites Belle Vernon located in Belle Vernon, Pennsylvania. The hotel is absentee managed and will receive a 15 year relicense upon completion of the Formula Blue PIP estimated around $1.3 million or total project cost of $72,142. The hotel has been impacted from covid-19 and historically operated around $1.4 million in room revenues and is positioned to attain pre-covid revenues with hands-on management and a refresh of the property.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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