Hampton Inn


Price:
  $8,350,000   
$7,600,000

Address :

Washington, PA


  •  Property NOT available for co-brokerage.
  •  Attractively price well below replacement costs
  •  Great trend in revenues with room for further growth as energy-related area business activity continues to revive
  •  Upside potential in operating margins
  •  Premier franchise affiliation - Awarded the TripAdvisor Circle of Excellence Award for 2018
  •  Well-built building with guest room renovation being primary PIP item
    View Map    View Aerial
  •  Within walking distance of Washington Jefferson College, Washington Mall, and Strabane Square
  •  Only a short drive to The Meadowlands Racetrack and Casino
  •  Close to Regional Demand Generators, Including...
    •  0.05 Miles to Washington Hospital
    •  0.05 Miles to Washington Jefferson College
    •  3 Miles to Washington County Fairgrounds
    •  5 Miles to Washington Crown Center
    •  6 Miles to Lew Hays Field in Washington Park, Home to PONY League World Series
    •  7 Miles to Southpoint Industrial Park
    •  25 Miles to Heinz Field, Home of NFL’s Pittsburgh Steelers
    •  25 Miles to Downtown Pittsburgh
    •  34 Miles to Pittsburgh International Airport
  •  111 Rooms
  •  Continental Breakfast Area (Seats 38)
  •  Meeting Space (432 Square Feet)
  •  Business Center
  •  Exercise Room
  •  Indoor, Heated Salt Water Pool
  •  Wireless Internet
  •  5 Stories
  •  Interior Corridors
  •  Block and Plank Concrete Structure
  •  Stucco and Stone Facade
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot – 130 Spaces
  •  Built 1995
Financials
2016
2017
T-12Mos 9/18
Occupancy
51.80%
58.83%
68.86%
Average Daily Rate
$95.97
$88.08
$94.49
Room Revenue
$2,019,803
$2,099,380
$2,636,075
Net Operating Income
$298,902
$454,080
N/A
Net Operating Income reflects actual Management Fees charged by Virginia Inn Management to owners, but does not include a deduction for Replacement Reserves.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!