77 Shady Lane, Carlisle, PA, 17013, US

Comfort Inn PA Turnpike I-81

Attributes

Number of units

Year built

2016

Building area net

4,274 m²

Land area gross

4.33 ha

Description

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 86-room Comfort Inn Carlisle (the “Hotel” or “Property”). The Hotel is strategically positioned on Harrisburg Pike, directly off the Pennsylvania Turnpike (Interstate 76) and its intersection with the Penn-Can Highway (I-81) in Pennsylvania's capital region.

The Hotel is surrounded by Carlisle's diverse demand generators, including employers like GIANT, US Army Carlisle Barracks, Amazon, Dickinson College, Carlisle Events, and Vibra Health. This market is supported by over 14 million square feet of industrial space, 137 office tenants, and 4,254 retail buildings, all within a 5-mile radius of the Hotel.

Offered unencumbered by brand and management, the 2016-built Hotel represents an attractive conversion opportunity to a brand such as Hampton Inn by Hilton for well below replacement cost (conversion PIP posted to data room). The Property was built in 2016, well above current brand standard, making it an excellent box to convert at a significant discount to replacement cost in a fundamentally strong market with real green shoots including the nearby $15B PAX-1 data center development.

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Investment Highlights

Strategic Interstate Location: The Property is strategically positioned at the critical intersection of Interstate 81 and the Pennsylvania Turnpike (I76), providing unparalleled access to major East Coast markets within a 12-hour drive radius.
Offered at a Discount in High Barriers to Entry Market: The acquisition of the Hotel represents an opportunity for investors to acquire a newly-transformed Hotel at pricing below replacement cost.
Top Tourism Destination in the Northeast: As the capital of Pennsylvania, Harrisburg is emerging as one of the more appealing destinations in the northeast.
Brand Conversion Opportunity with Premium Positioning: The Hotel is being offered unencumbered of brand with a Hampton Inn flag upon acquisition, representing a significant value enhancement opportunity through premium branding.