Listed by Black Diamond Realty
$10,985,230
Hotel Investment - Award Winning Extended Stay
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 50,700
Cap Rate 9.21%
Brand/Tenant Suburban Studios
Price per SqFt $217
Year Built 2015
Buildings 1
Stories 4
Acreage 2.000
Parking Spaces 129 spaces
Parking Per SqFt 2.54
Hotel/Hospitality Investment; Extended Stay; Strong Revenue, EBITDA, NOI, STR; High Occupancy
Marketing description
Investment Opportunity – This award-winning Suburban Studios extended-stay hotel is a very strong performer in Washington, PA (Pittsburgh MSA).
The hotel generates strong revenue, produces healthy EBITDA, and ranks highly among its STR competitive set. The $10,985,230 sale price equates to a 9.21% cap rate and represents a significant replacement cost discount ($216.67/sf; $91,543/key). Extended-stay hotels are recession-resistant and outperform the broader market with stronger demand and revenue gains. This attractive, well-maintained property is a strategic opportunity for hospitality operators and investors.
Investment highlights
- 120 Sleeping Rooms (64 Studio Queens, 56 Studio Doubles)
- Fully-equipped kitchens
- Guest & Staff Laundry Facilities
- Guest Locker Facility
- Fitness Room
- Lobby & Reception Areas
- 2 Staff Offices, Staff Work/Break Room
- Elevator
- Automatic sliding front-entry doors
- Outdoor Pavillion with Gas Grills
- Concrete Parking Lot with 129 Spaces
- Construction: Completed 2015 – Wood Frame with Hardie Siding & Stone Veneer
- New Exterior Signage Installed in 2024
Listing Contacts
Listed by Black Diamond Realty
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