220 Waterworks Rd - Hospitality FOR SALE


Somerset, PA 15501
$2,670,000 USD
216-367-7832
220 Waterworks Rd, Somerset, PA for Sale
$2,670,000 USD
Hospitality - FOR SALE
1/8
null | 12.27% Cap Rate

220 Waterworks Rd
Somerset, PA 15501


HIGHLIGHTS

  • Prime Turnpike Gate Location with Exceptional Visibility
  • Recently Renovated Asset with Strong Guest Reception
  • Recession-Resilient Economy Lodging
  • Diverse and Durable Demand Drivers
  • Discounted Entry Pricing with Stabilization and Operational Upside
  • Attractive Yield Profile for Owner-Operators and Regional Investors

OVERVIEW

Ritik Patel and Mitchell Glasson are pleased to present an excellent opportunity to acquire the well positioned Red Roof Inn Somerset. This recently renovated asset is strategically located directly off the Pennsylvania Turnpike, one of the region’s most heavily traveled corridors, providing exceptional visibility and convenient access for both commercial and leisure travelers. Situated along a primary east west transportation route in Western Pennsylvania, the property benefits from consistent transient demand driven by highway traffic, regional distribution activity, and nearby corporate employers. Somerset serves as a key lodging stop between Pittsburgh and Harrisburg, capturing year round demand from logistics, energy, manufacturing, and outdoor tourism to destinations such as Seven Springs Mountain Resort and Ohiopyle State Park. The hotel underwent significant renovations in 2024, positioning a new owner to capitalize on improved product quality with limited near term capital requirements. As operations continue to stabilize post renovation, the asset offers attractive pro forma upside through rate growth, margin expansion, and continued brand alignment under the Red Roof system. With its prime Turnpike location, recent capital improvements, and clear path to NOI growth, this offering represents a compelling opportunity to acquire a well located asset with meaningful value add potential in a resilient drive to market. Broker of Record Kyle Matthews License # RB068831 (PA) Matthews Real Estate Investment Services, LLC 1600 West End Ave., Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$2,670,000 USD

PRICE/SF

$62 USD /SF

# OF ROOMS

94

PRICE/ROOM

$28,404 {currency}

CAP RATE

12.27%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Somerset, PA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

114

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

410049580

ASK ABOUT THIS PROPERTY

Ritik PatelMatthews Real Estate Investment ServicesMore Info
216-367-7832

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Ritik PatelMatthews Real Estate Investment ServicesMore Info
216-367-7832

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