212-812-5700
120 Walnut Bottom Rd, Shippensburg, PA for Sale
Hospitality - FOR SALE
1/6
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120 Walnut Bottom Rd
Shippensburg, PA 17257


HIGHLIGHTS

  • Strategic Market Positioning
  • Discount to Replacement Cost
  • Long-term leasehold hotel offering unencumbered by management and debt
  • Highly Desirable IHG Brand Affiliation
  • Resilient Lodging Market
  • Transformational Development Pipeline

OVERVIEW

JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the leasehold interest in the 72-room Holiday Inn Express & Suites Shippensburg (the "Hotel" or "Property"). Strategically positioned along Central Pennsylvania's I-81 corridor with direct interstate access, this premier IHG branded asset benefits from the region's emergence as the leading alternative to Northern Virginia's saturated data center market, capturing substantial overflow demand from companies seeking cost-effective expansion opportunities without sacrificing connectivity or performance requirements. The transformational development pipeline features multi-gigawatt campus developments by specialized companies like Quantum Loophole, creating master-planned data center communities designed to accommodate hyperscale cloud providers and AI infrastructure growth. This acquisition represents a compelling value-add opportunity as the Hotel will be offered unencumbered by management agreements, allowing a new owner/operator to revamp operational strategies and implement strategic cost control initiatives for the first time. A new owner will acquire an excellently positioned asset offered at a significant discount to replacement cost, benefiting from the highly desirable IHG brand affiliation while capitalizing on the region's role as a critical component of America's national digital infrastructure that generates sustained demand for supporting hospitality services within this rapidly transforming Carlisle/Mechanicsburg submarket. Please note the ground lease is owned by the Seller-related entity building the Tru by Hilton next door. A portfolio offer on both hotels would allow for fee simple ownership of both.

FOR SALE DETAILS

PRICE

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# OF ROOMS

72

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Shippensburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2015

PARKING SPACES

79

LAND DETAILS

LAND ACRES

5.47 AC

LAND SF

238,491 SF

ZONING

CM

APN/PARCEL ID

36-33-1873-004

ASK ABOUT THIS PROPERTY

212-812-5700

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212-812-5700

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