Microtel Inn & Suites


Price:
$2,995,000

Address :
8100 Peach St.
Erie, PA 16509


  •  Premium economy brand
  •  Upside potential post renovation
  •  Varied demand opportunities
  •  Remote ownership; hands-on operator may create operating efficiencies
    View Map    View Aerial
  •  The City of Erie is Pennsylvania’s only Great Lakes port city.
  •  Conveniently located to leisure, restaurants, retail, and other travel-oriented services
  •  Close to Regional Demand Generators:
    •  2.3 Miles to Millcreek Mall Retail Complex
    •  3.4 Miles to Presque Isle Downs and Casino
    •  5.4 Miles to Erie Zoo
    •  11 Miles to Waldameer & Water World
    •  11 Miles to Presque Isle State Park
    •  11 Miles to Erie International Airport (Tom Ridge Field)
    •  11 Miles to Downtown Erie
  •  1 Building
  •  3 Stories
  •  Interior Corridors
  •  Wood Construction
  •  Vinyl Facade
  •  Asphalt Shingle Roof
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room (Seats ±20)
  •  Guest Laundry
  •  Business Center
  •  Wireless Internet
  •  Fitness Center
  •  ±2.11 Acre
  •  Built 1993
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.




Please check this box if you would like to subscribe to our weekly newsletter.

Financials
2016
2017
2018
T-12Mos 8/19
Occupancy
43.28%
36.82%
33.13%
29.38%
Average Daily Rate
$75.02
$74.36
$76.62
$80.30
RevPar
$32.47
$27.38
$25.38
$23.59
Room Revenue
$1,164,614
$979,408
$907,913
$843,760
Net Operating Income
$456,385
$284,315
$196,635
N/A
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!