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Hotel-Motel

Clarion Inn Cranberry

20003 U.S. Hwy 19, Cranberry Township, PA 16066

Listing Price: Request For Offer

Number of Rooms
102
RevPAR
$50
Gross SF
47,026
Year Built
1995

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Clarion Inn in Cranberry Township, Pennsylvania. The hotel is being offered at a significant discount to replacement cost under three times Room revenue multiplier. The hotel will be delivered fee simple unencumbered of debt, and management. The Clarion Inn Cranberry Township is institutionally managed and owned and offers new hands-on investors an opportunity to enter a high barrier to entry location with a strategic location off Interstate 76 and Interstate 79 and is 20 minutes from Downtown Pittsburgh and half an hour from Pittsburgh International Airport. The Hotel is currently recovering back to exceed pre pandemic RevPAR and is anticipated to reach over $1,900,000 in room revenues by year end 2024 and the potential to generate $556,363 in net operating income with hands- on management.

Investment Highlights

  • Institutionally Managed & Owned.
  • Strategic Location over 66,719 Vehicle Per Day.
  • Priced To Sell Under 3X RRM.
  • Upside Potential RevPAR over 54 percent Year to Date

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Hotel-Motel

Clarion Inn Cranberry

Listing Price: Request For Offer

Number of Rooms
102
RevPAR
$50
Gross SF
47,026
Year Built
1995

Investment Highlights

  • Institutionally Managed & Owned.
  • Strategic Location over 66,719 Vehicle Per Day.
  • Priced To Sell Under 3X RRM.
  • Upside Potential RevPAR over 54 percent Year to Date

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Clarion Inn in Cranberry Township, Pennsylvania. The hotel is being offered at a significant discount to replacement cost under three times Room revenue multiplier. The hotel will be delivered fee simple unencumbered of debt, and management. The Clarion Inn Cranberry Township is institutionally managed and owned and offers new hands-on investors an opportunity to enter a high barrier to entry location with a strategic location off Interstate 76 and Interstate 79 and is 20 minutes from Downtown Pittsburgh and half an hour from Pittsburgh International Airport. The Hotel is currently recovering back to exceed pre pandemic RevPAR and is anticipated to reach over $1,900,000 in room revenues by year end 2024 and the potential to generate $556,363 in net operating income with hands- on management.

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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