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Hotel-Motel

Comfort Suites Scranton

44 Montage Mountain Rd Scranton, PA, Scranton, PA 18507

Listing Price: $7,850,000

Cap Rate
9.00%
Number of Rooms
100
RevPAR
$59
Gross SF
126,308
Price/Room
$78,500
Price/Gross SF
$62.15
Year Built
1997

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Comfort Suites in Scranton, Pennsylvania. The hotel is being offered fee simple unencumbered of debt management at $7,850,000, or $78,500 per key. The hotel, constructed in 1997, has 100 suites and was recently renovated in 2017 to the Truly Yours Package by Choice. Many updates have been completed in the last three years, and a new owner can expect a long-term license from Choice Hotels after completing a minor PIP estimated to cost around $500,000. The Comfort Suites Scranton is conveniently located off Interstate 81, one hour from Allentown, Pennsylvania, and just two hours from Philadelphia, Harrisburg, and New York City.

Investment Highlights

  • Priced to Sell at $78,500 Price per Key
  • Truly Yours Package from Choice
  • Long Term License
  • One hour from Allentown, Pennsylvania, and just two hours from Philadelphia, Harrisburg, and New York City

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Hotel-Motel

Comfort Suites Scranton

Listing Price: $7,850,000

Cap Rate
9.00%
Number of Rooms
100
RevPAR
$59
Gross SF
126,308
Price/Room
$78,500
Price/Gross SF
$62.15
Year Built
1997

Investment Highlights

  • Priced to Sell at $78,500 Price per Key
  • Truly Yours Package from Choice
  • Long Term License
  • One hour from Allentown, Pennsylvania, and just two hours from Philadelphia, Harrisburg, and New York City

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Comfort Suites in Scranton, Pennsylvania. The hotel is being offered fee simple unencumbered of debt management at $7,850,000, or $78,500 per key. The hotel, constructed in 1997, has 100 suites and was recently renovated in 2017 to the Truly Yours Package by Choice. Many updates have been completed in the last three years, and a new owner can expect a long-term license from Choice Hotels after completing a minor PIP estimated to cost around $500,000. The Comfort Suites Scranton is conveniently located off Interstate 81, one hour from Allentown, Pennsylvania, and just two hours from Philadelphia, Harrisburg, and New York City.

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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