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.