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Hotel-Motel

Westgate Inn

307 US-6, Coudersport, PA 16915

Listing Price: $1,900,000

Cap Rate
12.00%
Number of Rooms
58
RevPAR
$33
Gross SF
31,590
Price/Room
$32,759
Price/Gross SF
$60.15
Year Built
1993

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire the Westgate Inn in Coudersport, Pennsylvania. The hotel consists of 58 rooms, 2 buildings and is being offered fee simple for $1,900,000 or Under 3 times room revenues. The hotel is a candidate from Wyndham and Choice for Multiple Conversion options with Key money incentives. The Main hotel building built in 2000 is a 3 story interior corridor hotel, adjacent to the River Wing with 14 Rooms and is a single story motel with a manager’s suite, and leased office with a separate entrance paying almost $24,000/year. The Westgate Inn features common area amenities including complimentary Wi-Fi internet, free continental breakfast, customer computer, meeting room, and a copier & fax machine. Room amenities include cable TV, suites available with mini-fridge, wake-up service, handicap rooms, and 26” HD flat screen TVs.

Investment Highlights

  • $35,320 in Lease Income.
  • Original Builder/Owner Absentee.
  • Franchise Conversions With Key Money.
  • Concrete & Block Construction.
  • 2 hours from Buffalo and Ithaca, 3 hours from Pittsburgh.
  • Priced to sell 3X RRM.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Hotel-Motel

Westgate Inn

Listing Price: $1,900,000

Cap Rate
12.00%
Number of Rooms
58
RevPAR
$33
Gross SF
31,590
Price/Room
$32,759
Price/Gross SF
$60.15
Year Built
1993

Investment Highlights

  • $35,320 in Lease Income.
  • Original Builder/Owner Absentee.
  • Franchise Conversions With Key Money.
  • Concrete & Block Construction.
  • 2 hours from Buffalo and Ithaca, 3 hours from Pittsburgh.
  • Priced to sell 3X RRM.

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire the Westgate Inn in Coudersport, Pennsylvania. The hotel consists of 58 rooms, 2 buildings and is being offered fee simple for $1,900,000 or Under 3 times room revenues. The hotel is a candidate from Wyndham and Choice for Multiple Conversion options with Key money incentives. The Main hotel building built in 2000 is a 3 story interior corridor hotel, adjacent to the River Wing with 14 Rooms and is a single story motel with a manager’s suite, and leased office with a separate entrance paying almost $24,000/year. The Westgate Inn features common area amenities including complimentary Wi-Fi internet, free continental breakfast, customer computer, meeting room, and a copier & fax machine. Room amenities include cable TV, suites available with mini-fridge, wake-up service, handicap rooms, and 26” HD flat screen TVs.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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