504 N Mountain Rd - Hospitality FOR SALE


Harrisburg, PA 17112- East Shore/Central
$9,600,000 USD
212-812-5700
504 N Mountain Rd, Harrisburg, PA for Sale
$9,600,000 USD
Hospitality - FOR SALE
1/5
null | 9% Cap Rate

504 N Mountain Rd
Harrisburg, PA 17112
East Shore/Central


HIGHLIGHTS

  • Superb Market Fundamentals
  • Discount to Replacement Cost
  • Absence of Lodging Supply in Harrisburg

OVERVIEW

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 93-room Candlewood Suites Harrisburg I-81 – Hershey Area (the “Hotel” or “Property”). Strategically positioned along the critical I-81 corridor in Pennsylvania's capital region, the Hotel benefits from Harrisburg's diverse demand generators including state government operations, healthcare facilities like UPMC Harrisburg, and a growing logistics sector making it an occupancy leader in its competitive set. Furthermore, the Property from a operates within a resilient Harrisburg market that has a RevPAR around $88 for the May 2025 T-12. New ownership has the opportunity to capitalize on the market’s strong performance by increasing rates post-renovation boosting RevPAR at the Property. The Hotel benefits from Harrisburg International Airport's continued recovery, with 2024 being the busiest year since the record-setting 2019 with nearly 1.5 million passengers (a 10.8% increase over 2023).

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$194 USD /SF

# OF ROOMS

93

PRICE/ROOM

$103,226 {currency}

CAP RATE

9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Harrisburg 1-81 - Hershey

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

103

LAND DETAILS

LAND ACRES

4.34 AC

LAND SF

189,190 SF

ZONING

C12

APN/PARCEL ID

35-027-020

ASK ABOUT THIS PROPERTY

212-812-5700

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212-812-5700

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