Hotel-Motel
Best Western Grand Victorian Inn
255 Spring St, Sayre, PA 18840
Listing Price: $7,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Best Western Grand Victorian Inn, a four-story full-service hotel conveniently located in Sayre, Pennsylvania along Interstate 86 with access to I-17, and just minutes from the New York state border and Fingers Lake Region. The hotel consists of 100 guest rooms and offers amenities including a cocktail lounge, heated indoor pool & spa, fitness center, business center, complimentary breakfast, and complimentary coffee in lobby. The flexible meeting and banquet space can accommodate up to 300 guests for business or social events. The hotel is a reputable wedding venue in Sayre. The Best Western Grand Victorian Inn represents the opportunity to acquire a Best Western branded hotel near fortune 500 companies, universities, and various recreational attractions. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the region.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $7,500,000
Investment Highlights
- 9.4% Cap Rate // 3.65 GRM
- Additional Revenue from Gym/Pool Memberships
- Priced Well Below Replacement Cost
- Renovated in 2022
- BW Auto-Transfer Available
- Drive to Leisure and Corporate Demand Generators
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Best Western Grand Victorian Inn, a four-story full-service hotel conveniently located in Sayre, Pennsylvania along Interstate 86 with access to I-17, and just minutes from the New York state border and Fingers Lake Region. The hotel consists of 100 guest rooms and offers amenities including a cocktail lounge, heated indoor pool & spa, fitness center, business center, complimentary breakfast, and complimentary coffee in lobby. The flexible meeting and banquet space can accommodate up to 300 guests for business or social events. The hotel is a reputable wedding venue in Sayre. The Best Western Grand Victorian Inn represents the opportunity to acquire a Best Western branded hotel near fortune 500 companies, universities, and various recreational attractions. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the region.
Exclusively Listed By
Broker of Record
Financing By
