1308 Freedom Rd - Hospitality FOR SALE


Cranberry Township, PA 16066
$10,000,000 USD
661-978-3109
1308 Freedom Rd, Cranberry Township, PA for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/20
null | 11.86% Cap Rate

1308 Freedom Rd
Cranberry Township, PA 16066


HIGHLIGHTS

  • Strong day-one cash-on-cash return
  • Extended-stay Residence Inn margins driven by longer length of stay, lower turnover, and reduced housekeeping pressure
  • Stable NOI after management fees and reserves
  • Clear upside through ADR re-rating and occupancy growth post-PIP
  • 5 of 7 competitive-set ranking with measurable performance improvement opportunity
  • Limited new supply in the submarket, supporting sustained rate growth

OVERVIEW

?? NEW HOTEL INVESTMENT OPPORTUNITY ?? ?? Marriott Residence Inn | Cranberry Township, PA ?? Pittsburgh MSA | I-79 Corporate Corridor Excited to bring a cash-flowing, extended-stay Marriott asset to market in one of the strongest suburban business corridors in the Pittsburgh MSA. This opportunity offers durable in-place cash flow with a clear value-add upside driven by a brand-required PIP and meaningful ADR re-rating potential ??. ?? This Residence Inn benefits from strong corporate, healthcare, and long-term demand, making it a compelling opportunity for investors seeking margin stability, brand strength, and downside protection. Brian Brockman | PA Broker of Record Bang Realty – PA Inc ?? Boro@bangrealty.com ?? 513-898-1551 PA LIC #RM432816

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$87 USD /SF

# OF ROOMS

96

PRICE/ROOM

$104,167 {currency}

CAP RATE

11.86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence Inn Pittsburgh Cranberry Township

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

143

LAND DETAILS

LAND ACRES

5.86 AC

LAND SF

255,044 SF

ZONING

SP-1

APN/PARCEL ID

130-S14-F3A-0000,130-S14-F3B-0000,130-S14-F3C-0000

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.