Hershey/Harrisburg Hotel For Sale

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Asking Price:
$5,000,000

Gross Revenue:
$1,400,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Rare opportunity to own a Class A Hershey/Harrisburg Hotel. Built in 2006 and completely renovated in 2013. NOI $500,000 ~ 10% CAP! An annual occupancy rate of 60%. No PIP required following settlement! Area attractions include Hershey Amusement Park, Hershey Medical Facilities, Harrisburg State Capitol, etc.

About the Business

Location:
Harrisburg, Pennsylvania
Year Established:
2006
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
28,700
Facilities:
56 room Hotel on a 2.13 acre site. Amenities include: Indoor heated pool, complimentary breakfast, exercise facilities, deck chairs/tables, market place located in lobby, complimentary motor coach parking, 100% smoke-free hotel.
Market Outlook/
Competition:
Located on busy four lane state highway (traffic count approx. 20,000 or more vehicles per day) close to Hershey Medical Center, Hershey Park and all the area has to offer.
Growth & Expansion:
An additional 18 rooms can be added to the original structure - pad ready. A contiguous 2.25 acres are also available for sale for $895,000 for future expansion possibilities.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
As needed.

Listing Info

ID:
1369999
Ad Detail Views:
4147

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Business Listed by

Ron Beinhaur

The Brokers Realty Group Ltd.

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Sponsoring Broker:

John Rainville
The Brokers Realty Group Ltd.
License# RM-419701


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