105 State St - Hospitality FOR SALE


York, PA 17404- Outer West York/Shiloh
$7,500,000 USD
302-757-5761
105 State St, York, PA for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate


HIGHLIGHTS

  • Under contract to become Spark by Hilton
  • Absence of under construction new supply for 20-mile radius
  • Prime location at the junction of U.S. Route 30 and Interstate 80

OVERVIEW

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 70-room Wingate by Wyndham York (the “Hotel” or “Property”). The sale represents the opportunity to acquire a 2007 built, three-story hotel that is an excellent canvas for a brand conversion. The Hotel is under contract to convert to Spark by Hilton and the conversion PIP is posted to the deal room (~$20,000 per key to convert). The conversion will increase room count to 74 rooms. The Property is conveniently located at the intersection of Interstate 83 (I-83) and U.S. Route 30 giving it premier access to a diverse range of amenities such as the Wellspan York Hospital, Wellspan Park, York College of Pennsylvania, and York County History Center, and York Airport.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$198 USD /SF

# OF ROOMS

70

PRICE/ROOM

$107,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate By Wyndham York

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

79

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

RS

APN/PARCEL ID

36-000-08-0079.00-00000

ASK ABOUT THIS PROPERTY

302-757-5761

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302-757-5761

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