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Hotel-Motel

Comfort Suites Edinboro

1007 Marketplace Dr, Edinboro, PA 16412

Listing Price: $5,600,000

Cap Rate
9.75%
Number of Rooms
82
RevPAR
$51
Gross SF
33,552
Price/Room
$68,293
Price/Gross SF
$166.91
Year Built
2008

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the 82 room Comfort Suites Edinboro located in Edinboro, Pennsylvania. The Hotel is being offered at $5,600,000 or 9.75 percent Cap rate and delivered Fee Simple, unencumbered of debt or management. The all-suites hotel, constructed in 2008 is located off Interstate 79 just 30 minutes south of Erie, PA and 1.5 hours from Cleveland, OH and Pittsburgh, PA. The Comfort Suites Edinboro recently completed the latest “Rise & Shine" Package by Choice in all guest rooms and will receive a long-term relicense and minimal PIP upon transfer. The Comfort Suites Edinboro represents an attractive investment with a net operating income of $546,728 and at a significant discount to replacement at $68,292 per key.

Investment Highlights

  • 2008 Construction All Suites Hotel
  • 1.5 Hours from Cleveland, OH and Pittsburgh, PA
  • Long-Term Relicense Minimal PIP 2024/2025 Renovation
  • $526,768 NOI 9.75 Percent Cap Rate

Exclusively Listed By

  • Alex Duong

    Senior Managing Director Investments

    (216) 264-2061

    Email Alex

    License(s): OH: SAL.2012000783, PA: RS322576

    Cleveland

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Hotel-Motel

Comfort Suites Edinboro

Listing Price: $5,600,000

Cap Rate
9.75%
Number of Rooms
82
RevPAR
$51
Gross SF
33,552
Price/Room
$68,293
Price/Gross SF
$166.91
Year Built
2008

Investment Highlights

  • 2008 Construction All Suites Hotel
  • 1.5 Hours from Cleveland, OH and Pittsburgh, PA
  • Long-Term Relicense Minimal PIP 2024/2025 Renovation
  • $526,768 NOI 9.75 Percent Cap Rate

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the 82 room Comfort Suites Edinboro located in Edinboro, Pennsylvania. The Hotel is being offered at $5,600,000 or 9.75 percent Cap rate and delivered Fee Simple, unencumbered of debt or management. The all-suites hotel, constructed in 2008 is located off Interstate 79 just 30 minutes south of Erie, PA and 1.5 hours from Cleveland, OH and Pittsburgh, PA. The Comfort Suites Edinboro recently completed the latest “Rise & Shine" Package by Choice in all guest rooms and will receive a long-term relicense and minimal PIP upon transfer. The Comfort Suites Edinboro represents an attractive investment with a net operating income of $546,728 and at a significant discount to replacement at $68,292 per key.

Exclusively Listed By

  • Alex Duong

    Senior Managing Director Investments

    (216) 264-2061

    Email Alex

    License(s): OH: SAL.2012000783, PA: RS322576

    Cleveland

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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