Phone No :
(757) 873-0962
I want to sell my hotel
Search Listings
Listings
Search Listing
New Listings
Featured Listing
Price Reductions
Call For Offers
Confidential Listing
Recent Sales
Services
Selling
Buying
Co-Brokerage
Confidentiality Agreement
About Us
Company Brochure
Our Team
Regional Offices
Customer Testimonials
News & Events
COVID-19 Info & Links
Recent Sales
Conferences / Trade Shows
Press
Customer Testimonials
Contact Us
Microtel Inn & Suites
Price:
$2,995,000
$2,550,000
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
Location/Market
Physical Plant
Financials
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.
Name
Name should not be empty.
Phone Number
Phone number should not be empty.
Email Address
Email address should not be empty.
Please check this box if you would like to subscribe to our weekly newsletter.
Submit
Financials
2017
2018
2019
T12Mos - 7/20
Occupancy
36.82%
33.13%
33.65%
27.96%
Average Daily Rate
$74.36
$76.62
$75.79
$71.11
RevPar
$27.38
$25.38
$25.98
$19.88
Room Revenue
$979,408
$907,913
$857,940
$654,582
Net Operating Income
$284,315
$196,635
N/A
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!
©2021 Mumford Company | ALL RIGHTS RESERVED
Disclaimer
Website By TechArk Solutions
Mumford Company Is A Duly Licensed Real Estate Broker In Multiple States, for information on specific licensing, please
click here