Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Best Western Lock Haven located in Lock Haven, Pennsylvania. The 4-story 67 room hotel is being offered at $4,600,000 fee simple, unencumbered of debt or management. The hotel is absentee, Original Developer owned and is eligible for Best Western’s Auto-Transfer with Minimal PIP due for a new investor. The Best Western Lock Haven has consistent revenues of $1.4M and a October T-12 NOI of $504,818 which represents an attractive investment opportunity at 3.2 RRM and an 11% cap Rate. With Hand-on management and strategic updates to the hotel- it has the ability to exceed $1.5M in room revenues.