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$2,400,000 $2,900,000
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Attractive 60 key, 2 story interior corridor hotel with indoor pool in northwestern Pennsylvania. The hotel is located in a small city tucked between 2 interstate highways.
This location is good for business, and the city has two major engine manufacturing plants which are a strong employment base in the city. There is also a popular shopping mall, community college, and a charming historic downtown.
The Best Western is well situated by the interstate highway and across from the Mall with lots of name brand retail shopping. The immediate area also has many sit-down restaurants as well as fast-food.
The hotel shows well and was updated within the last few years for the Best Western PIP.
With no on-site management/absentee owner the hotel has been lagging the comp set in recovery. Historical revenues significantly higher than current. A new owner has the opportunity to win back the property’s fair market share and raise values.