2 Convention Center Dr - Hospitality FOR SALE
Altoona, PA 16602 |
2 Convention Center Dr
Altoona, PA 16602
HIGHLIGHTS
- The Courtyard by Marriott Altoona is a 105-room leasehold property ideally located adjacent to the Blair County Convention Center and I-99.
- In the February 2024 trailing-twelve-month period, the Courtyard’s RevPAR is almost 7% higher than year-end 2019.
- Connectivity to the Blair County Convention Center enhances its appeal for both business and leisure travelers.
- Comprehensive property improvement plan could be pursued to enhance guest experiences and capture lost occupancy and rate in its competitive set.
- The Courtyard has favorable ground-lease terms, including extension options up to 2075 and low and lessee-friendly annual payments.
- Altoona is between Pittsburgh and Philadelphia, positioned to tap into diverse demand sources, including corporate travelers, tourists, and more.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Courtyard Marriott by Convention Center
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
99520
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2001
PARKING SPACES
109
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
02.00-14..-001.02-122
