2541 Chestnut Ridge Rd - Hospitality FOR SALE


Grantsville, MD 21536
$4,900,000 USD
202-536-3735
2541 Chestnut Ridge Rd, Grantsville, MD for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

2541 Chestnut Ridge Rd
Grantsville, MD 21536


HIGHLIGHTS

  • Recently Renovated / Minimal PIP Anticipated
  • Limited Current Ownership Involvement
  • Four Story / Interior Corridor
  • Significant Upside
  • Directly Off Interstate 68 / U.S. Route 219
  • Only Branded Property In Area

OVERVIEW

PRICE REDUCTION...NOW LISTED AT 3.5X 2024 REVENUE AND 3.37X TRAILING-12 REVENUE Comfort Inn Grantsville-Deep Creek Lake is a 91-room/interior corridor property that has been recently renovated (minimal PIP anticipated). First year (2024) following renovation, property generated revenues +18% to previous year and is +12% YTD February 2025. Given recent renovations and the fact that current ownership has limited day-to-day oversight of this property, significant upside exists for a new, hands-on owner or ownership with fully engaged manager.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$80 USD /SF

# OF ROOMS

91

PRICE/ROOM

$53,846 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn Grantsville-Deep Creek Lake

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1979

PARKING SPACES

113

LAND DETAILS

LAND ACRES

3.99 AC

LAND SF

173,804 SF

ZONING

C3

APN/PARCEL ID

03-019667

ASK ABOUT THIS PROPERTY

David WienerMarcus & MillichapMore Info
202-536-3735

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David WienerMarcus & MillichapMore Info
202-536-3735

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