16 Marsanna Ln - Hospitality FOR SALE


Jonestown, PA 17038
$4,400,000 USD
646-604-7024
16 Marsanna Ln, Jonestown, PA for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

16 Marsanna Ln
Jonestown, PA 17038


HIGHLIGHTS

  • Fee simple, non-union and unencumbered of management
  • Significant discount to replacement cost
  • Immediate RevPAR appreciation upside to position the property inline with Compset
  • Lean limited-service operating model with potential for exceptional cash-flow generation
  • Excellent location off Interstate 81 | Proximity to all local demand generators and major interstates
  • 2.5 miles to Fort Indiantown Gap, the busiest National Guard training center in the United States

OVERVIEW

Besen Partners Hotel Advisory Group is pleased to offer the fee-simple interest in the SureStay Plus by Best Western Jonestown Lebanon located at 16 Marsanna Lane, Jonestown, PA 17038. This limited-service hotel consists of 52 interior corridor guestrooms spread over three floors along with an outdoor pool, lobby workstation, exercise room, and a breakfast dining area. Also located on the site is a three-bedroom house that currently houses staff, allowing a new owner to streamline and lower expenses on staffing. The site sits right off Interstate 81, allowing high visibility and signage expose to travelers. Strategically located off Interstate 81, this property benefits from its proximity to Fort Indiantown Gap, headquarters for the Pennsylvania Department of Military and Veterans Affairs and the Pennsylvania National Guard which provide significant room nights. Leisure demand is generated by the proximity to the largest amusement park in Pennsylvania, Hershey Park which averages over 3 million visitors a year. Hollywood Casino at Penn National Racecourse is also a couple minutes away. Interstates 81, 78, and 76 run through the county, providing an hour and a half drive to Philadelphia and Allentown, a two-hour drive to Baltimore and Washington D.C, and less than three hours from New York City. It also provides a thoroughfare from Canada to the northeast corner of Tennessee.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$169 USD /SF

# OF ROOMS

52

PRICE/ROOM

$84,615 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SureStay Plus Hotel by Best Western Jonestown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1980

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

R2

APN/PARCEL ID

33-2310622-408725-0000

ASK ABOUT THIS PROPERTY

Andrew CameronBesen PartnersMore Info
646-604-7024

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Andrew CameronBesen PartnersMore Info
646-604-7024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.