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31540293
31540294

250 Business Center Dr, Horsham, PA 19044 For Sale

DV
NY NY 49VE1041482
Innvest
JB
NY 10401401482
Innvest
Listed by Innvest
$13,000,000
95 days on market
Updated 14 days ago

Upper Midscale Extended Stay

Details
APN 36-00-03556-305
Property Type Hospitality
Sub Type Hotel
Square Footage 56,640
Keys 110
Occupancy 85%
Price per SqFt $230
Year Built 1997
Year Renovated 2024
Buildings 1
Stories 3
Acreage 2.300
Zoning BPD
Parking Spaces 114 spaces
Parking per 1,000 SqFt 2.01
Investment Type Stabilized
Ground Lease No

Fully Renovated - 85% occupancy - No DSS

Marketing description

2026 projected NOI $1,709,260 - Conservatively

Location… Location…Location

The hotel is strategically located along the busy I-276 corridor, offering convenient access to major corporate hubs like Penn Mutual, Bimbo Bakeries, Apex Mortgage Corp, and others. Additionally, the hotel benefits from its proximity to significant healthcare facilities, including the Asplundh Cancer Pavilion and Abington Hospital.

Situated in Philadelphia's northern suburbs, the Hotel attracts both corporate and leisure guests, thanks to its proximity to business parks and easy access to downtown via major highways.

Prime Location Near Key Demand Drivers

Nearby companies include Prudential Financial and Honeywell. The Philadelphia metro area, home to over six million people, is centrally located between New York City and Washington, D.C.

Investment highlights

Motivated Seller.

Location - The hotel is strategically located along the busy I-276 corridor, offering convenient access to major corporate hubs like Penn Mutual, Bimbo Bakeries, Apex Mortgage Corp, and others. Additionally, the hotel benefits from its proximity to significant healthcare facilities, including the Asplundh Cancer Pavilion and Abington Hospital

Strong Performance Trends Indicate Immediate Upside Potential!

The Property has emerged as the clear demand leader within its competitive set, consistently capturing 35%+ above its fair share of occupancy. While ADR remains approximately 7–10% below the comp set, the resulting RevPAR outperformance—now exceeding 130 RGI on a trailing basis—demonstrates strong market positioning. This performance profile highlights a compelling near-term value creation opportunity through ADR growth, as the Property transitions from a penetration-driven strategy to a yield-optimized model, with significant upside to NOI.

Fully Renovated Product – The Hotel recently renovated; No Change of Ownership PIP. 4 rooms have been out of inventory for storage since July 2024 and brought online could potentially generate an additional $100K in revenue. Additionally, 5 rooms are currently occupied by staff members.

Strong Revenue Growth Through Repositioning: The Property generated $2.18M in room revenue in 2023 despite the Sonesta flag being dropped in September, followed by a transition to independent operations during renovation through April 2024; performance improved to $2.31M in 2024 and further accelerated to $2.87M in 2025 following rebranding Room revenue grew to $2.98M on a trailing twelve-month basis as of March 2026.

Listing Contacts

DV
NY NY 49VE1041482
Innvest
JB
NY 10401401482
Innvest
Listed by Innvest

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