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24144220
24144221

7455 Schultz Rd, Erie, PA 16509

SA
NY 10311206215
ACADIA Lodging Brokers & Advisors
Listed by ACADIA Lodging Brokers & Advisors
$2,800,000
357 days on market
Updated 89 days ago

Motel 6 Erie

Details
Property Type Hospitality
Sub Type Motel
Keys 103
Year Built 1982
Year Renovated 2016-current
Buildings 5
Stories 1
Acreage 3.900
Ownership Fee Simple

Motivated Seller Priced at 2x revenue | 103 Keys

Marketing description

Acadia Lodging Brokers and Advisors is pleased to offer the opportunity to acquire the fee-simple interest in the Motel 6 Erie.

  • The Motel 6 Erie occupies a prime visible and irreplaceable Exit location at Interstate 90, which carries thousands of vehicles daily in the region.

  • The hotel will be sold fee-simple. The site (±3.9 acres) has high underlying real estate value of redevelopment opportunities.

  • The property consists of five exterior corridor buildings built in 1982 with 103 guestrooms (including 20 extended stay rooms) and manager’s apartment.

  • The property has been under the same ownership since 2000, and absentee managed under a corporate structure.

  • New entrepreneurial, hands-on management can capitalize on many opportunities to continue to improve revenue and profitability. Year Over Year Revenue increase by 13% in 2025.

  • The greater market has a balanced presence of corporate, leisure, government, and educational demand generators. Leisure demand generators within minutes of the property include:

    • Presque Isle State Park

    • Waldameer Park & Water World

    • Presque Isle Downs & Casino

  • Established brand recognition of the Motel 6 franchise.

  • The property’s location and brand affiliation provide a solid foundation for growth with new active management in place

  • Seller is motivated.

Please DO NOT contact the staff, management, or ownership of the Hotel. For additional information and to arrange a site tour, please contact Acadia Lodging Brokers & Advisors. Principals and Investors only.

Listing Contacts

SA
NY 10311206215
ACADIA Lodging Brokers & Advisors
Listed by ACADIA Lodging Brokers & Advisors

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