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Hotel-Motel

Holiday Inn Express & Suites Harrisburg S - Mechanicsburg

5011 Louise Dr, Mechanicsburg, PA 17055

Listing Price: $10,500,000

Cap Rate
8.60%
Number of Rooms
90
Gross SF
135,907
Price/Room
$116,667
Price/Gross SF
$77.26
Year Built
2020

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Harrisburg S - Mechanicsburg, a brand new four-story 90-room hotel located at 5011 Louise Drive, Mechanicsburg, Pennsylvania. The hotel is located off US highway 15 and exit 236 on the Pennsylvania Turnpike Interstate 76. Hotel amenities include: complimentary WiFi, heated indoor pool, business center, meeting rooms, and elevators. Guest rooms feature a mini refrigerator, microwave, television, desk, and complimentary coffee.

Investment Highlights

  • Brand New Construction - July 2020 Opening
  • Average Age of Competitive Set - 19 Years
  • Historically Stable Market
  • Ideal Location - Close Proximity to Harrisburg, Hershey, and Blue Ridge Mountains
  • Strong Corporate Demand Generators
  • Government and Military Demand Generators - Harrisburg -State Capitol, Naval Inventory Control Point (NAVICP), United States Defense Logistics Agency

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Hotel-Motel

Holiday Inn Express & Suites Harrisburg S - Mechanicsburg

Listing Price: $10,500,000

Cap Rate
8.60%
Number of Rooms
90
Gross SF
135,907
Price/Room
$116,667
Price/Gross SF
$77.26
Year Built
2020

Investment Highlights

  • Brand New Construction - July 2020 Opening
  • Average Age of Competitive Set - 19 Years
  • Historically Stable Market
  • Ideal Location - Close Proximity to Harrisburg, Hershey, and Blue Ridge Mountains
  • Strong Corporate Demand Generators
  • Government and Military Demand Generators - Harrisburg -State Capitol, Naval Inventory Control Point (NAVICP), United States Defense Logistics Agency

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Harrisburg S - Mechanicsburg, a brand new four-story 90-room hotel located at 5011 Louise Drive, Mechanicsburg, Pennsylvania. The hotel is located off US highway 15 and exit 236 on the Pennsylvania Turnpike Interstate 76. Hotel amenities include: complimentary WiFi, heated indoor pool, business center, meeting rooms, and elevators. Guest rooms feature a mini refrigerator, microwave, television, desk, and complimentary coffee.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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