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
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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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
$871,470
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!