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 106-room Courtyard Wilkes Barre Arena (the "Hotel" or "Property"). Strategically positioned within one mile of Mohegan Sun Arena at Casey Plaza and minutes from Wilkes-Barre/Scranton International Airport, this unencumbered, Marriott-affiliated select-service hotel represents a rare opportunity to acquire a well-performing asset in a high-barrier market with limited new supply and strong institutional demand drivers.

The Property has demonstrated exceptional and accelerating competitive performance, posting a commanding 119% RevPAR index as of April 2026 trailing twelve months, up from 113.6% year over year. This 2014-built Courtyard benefits from immediate access to one of Pennsylvania's most concentrated healthcare ecosystems, anchored by Geisinger Health System and Commonwealth Health's flagship facilities, as well as a thriving office market featuring major employers including the Social Security Administration, Blue Cross of Northeastern Pennsylvania, and WestGUARDInsurance Company. With strong in-place cash flows supported by resilient medical travel demand and proximity to the region's premier entertainment venue, the hotel is well-positioned to benefit from ongoing air service expansion, the I-81 logistics corridor's momentum, and sustained rate growth in a market with office rents

increasing 2.8% year-over-year and vacancy at just 6.4%.

New ownership will benefit from an attractive basis, complete operational flexibility with no encumbering management agreement, ideal brand positioning for this diverse demand base, and the full strength of Marriott's global distribution platform in one of Northeastern Pennsylvania's most established commercial and healthcare markets. While the Property already outperforms its competitive set with a 116% occupancy index and 102% ADR index as of April 2026, strategic revenue management optimization and operational efficiencies present clear opportunities to further penetrate the competitive set.

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