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Hotel-Motel

Best Western Grand Victorian Inn

255 Spring St, Sayre, PA 18840

Listing Price: $7,500,000

Cap Rate
9.40%
Number of Rooms
100
RevPAR
$44
Gross SF
328,442
Price/Room
$75,000
RRM
3.70
Price/Gross SF
$22.84
Year Built
1985

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.

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

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Hotel-Motel

Best Western Grand Victorian Inn

Listing Price: $7,500,000

Cap Rate
9.40%
Number of Rooms
100
RevPAR
$44
Gross SF
328,442
Price/Room
$75,000
RRM
3.70
Price/Gross SF
$22.84
Year Built
1985

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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