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Hotel-Motel

La Quinta Inn Pittsburgh Airport

8507 University Blvd, Carnot-Moon, PA 15108

Listing Price: $8,000,000

Cap Rate
7.00%
Number of Rooms
129
RevPAR
$55
Gross SF
84,942
Price/Room
$62,016
Price/Gross SF
$94.18
Year Built
1985

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the La Quinta Inn Pittsburgh Airport, a 129 key, 3-story, interior corridor property located in NE Pittsburgh near Pittsburgh International Airport and Robert Morris University.

The La Quinta Inn Pittsburgh Airport was fully renovated in 2012, with recent Capex including new laminate flooring throughout and upgrades to the breakfast and lobby area. Hotel visitors have access to the free 24-hour airport shuttle, complimentary breakfast, on-site laundry facility and business/fitness centers.

Investment Highlights

  • Recent CapEx Include New Laminate Flooring in All Rooms, Breakfast and Lobby Improvements.
  • $1.4B Renovation Underway at Pittsburgh International Airport to Build a New Terminal - Scheduled to Open by Early 2025
  • Pittsburgh Welcomed 19.5M Visitors in 2022
  • Popular Event Spaces Located ~15 Miles from the Property - PPG Paints Area (Pittsburgh Penguins), Acrisure Stadium (Pittsburgh Steelers), PNC Park (Pittsburgh Pirates)
  • Downtown Pittsburgh is a Major Finance and Business Hub, Some of the Major Employers Include PNC Financial Services and University of Pittsburgh Medical Center

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Hotel-Motel

La Quinta Inn Pittsburgh Airport

Listing Price: $8,000,000

Cap Rate
7.00%
Number of Rooms
129
RevPAR
$55
Gross SF
84,942
Price/Room
$62,016
Price/Gross SF
$94.18
Year Built
1985

Investment Highlights

  • Recent CapEx Include New Laminate Flooring in All Rooms, Breakfast and Lobby Improvements.
  • $1.4B Renovation Underway at Pittsburgh International Airport to Build a New Terminal - Scheduled to Open by Early 2025
  • Pittsburgh Welcomed 19.5M Visitors in 2022
  • Popular Event Spaces Located ~15 Miles from the Property - PPG Paints Area (Pittsburgh Penguins), Acrisure Stadium (Pittsburgh Steelers), PNC Park (Pittsburgh Pirates)
  • Downtown Pittsburgh is a Major Finance and Business Hub, Some of the Major Employers Include PNC Financial Services and University of Pittsburgh Medical Center

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the La Quinta Inn Pittsburgh Airport, a 129 key, 3-story, interior corridor property located in NE Pittsburgh near Pittsburgh International Airport and Robert Morris University. The La Quinta Inn Pittsburgh Airport was fully renovated in 2012, with recent Capex including new laminate flooring throughout and upgrades to the breakfast and lobby area. Hotel visitors have access to the free 24-hour airport shuttle, complimentary breakfast, on-site laundry facility and business/fitness centers.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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