$350,000
Yesterday's Hotel
Details
Property Type Hospitality
Sub Type Hotel
Keys 59
Buildings 1
Hospitality | 59 Keys
Marketing description
Has been vacant for 2 years.
● Asking Price: $350,000 or best offer
● Unit count:
○ 59 Hotel rooms
○ Restaurant and Bar with triple net lease possibility
● Repairs & Improvements: $250,000
● Closing Costs: $6,129
● Total All In: ~$561K for a 59 unit hotel in Renovo, PA, that’s purchase, repairs, and improvements.
Bonus: The town’s ready to help. We have spoken at length with them regarding talking grants, PILOT programs, utility incentives, C/O & C/C fast-tracking. I can connect you to the mayor and align this with municipal backing.
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