265 N Hershey Rd - Hospitality FOR SALE
Harrisburg, PA 17112 |
265 N Hershey Rd
Harrisburg, PA 17112
HIGHLIGHTS
- Recently renovated, 2012-vintage hotel with minimum going-in capital required offered at a highly attractive basis at less than half of replacement.
- Newest hotel in the competitive set with a favorable supply story.
- Proven historical performance with significant market share upside in a submarket with fully recovered RevPAR.
- Long-term ground-lease expiring July 2109 with diminutive annual rent payments ($63k as of TTM September).
- Non-union, select-service lodging asset offered unencumbered of management with substantial cash-flow/operational efficiency upside.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
La Quinta Inns & Suites Harrisburg Hershey
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
44838
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2012
PARKING SPACES
160
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
COM
APN/PARCEL ID
68-024-120,68-024-142
