TownePlace Suites Harrisburg Hershey
450 Friendship Road, Harrisburg, PA, 17111, US
107 eenheden
Beschrijving
JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 111-room Hilton Garden Inn Allentown West (the "Hotel" or "Property"). This unencumbered Property benefits from its strategic location in the Lehigh Valley, providing easy access to major demand generators including the region's robust industrial and distribution sector, Lafayette College, and Lehigh University. The Hotel demonstrates exceptional operational excellence, achieving 72.9% occupancy versus the competitive set's 57.1% for August TTM 2025. The Property has consistently ranked in the top half of its competitive set on a RevPAR basis, with occupancy penetration of 126% in year-end 2024. The Hotel's proximity to over 31 million SF of industrial space within 2 miles, coupled with its access to educational institutions and leisure attractions in the Lehigh Valley, provides a diverse and stable guest base.
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Kenmerken
Aantal eenheden
111
Bouwjaar
2001
Netto gebouwoppervlakte
5.796 vierkante meter
Bruto landoppervlakte
2,02 ha
Media
Investeringskenmerken
Robust Economy (Lehigh Valley): The City of Allentown is the largest city in the Lehigh Valley, a region that also includes the nearby cities of Bethlehem and Easton. The Lehigh Valley is the third most populous metropolitan region in Pennsylvania and is growing rapidly.
Outperforming Competitive Set: The Hotel demonstrates strong market leadership, achieving 72.9% occupancy versus the competitive set's 57.1% and generating $90.55 RevPAR compared to competitors' $68.10 for August TTM 2025.
Premium Hilton Honors Member: The Property benefits from the popular Hilton Garden Inn brand affiliation. Hilton Worldwide is one of the largest owners, operators and franchisors of hotels with 23 brands, 7,600 properties, and nearly 1.2 million rooms across the world.
Unencumbered by management and debt: The Property presents an opportunity for an investor to purchase the Hotel unencumbered by a management agreement and debt.
Offered at a discount to replacement cost: The acquisition of the Hotel represents an opportunity for investors to acquire a well-constructed, upper-midscale Hotel in a high-barrier to entry market at pricing below replacement cost.
Contact adviseurs
Hilton Garden Inn Allentown West (0 Eigendommen)
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Laatst bijgewerkt
30 okt 2025
