Econo Lodge Harrisburg, Southwest of Hershey Area

Besen Partners Hotel Advisory Group is pleased to offer the fee-simple interest in the Econo Lodge Harrisburg – Southwest of Hershey Area located at 495 Eisenhower Boulevard, Harrisburg, PA 17111. This limited-service hotel consists of 30 interior corridor guestrooms spread over two floors along with a breakfast dining area. The site is located to the east of the Susquehanna River, in-between the state capital of Harrisburg and the city of Hershey.

Leisure demand is generated by the proximity to the largest amusement park in Pennsylvania, Hershey Park which offers a variety of rides, entertainment, and dining options, averaging over 3 million visitors a year. The Hershey Park Stadium, the Giant Center, and the Hershey Theatre offers a unique combination of top-tier musical acts, sporting events, Broadway shows and other entertainment. The city of Harrisburg attractions include the Pennsylvania State Capital and the National Civil War Museum, which draws history buffs and cultural tourists. Hershey’s own corporate headquarters and the Penn State Health Milton S. Hershey Medical Center are significant contributors to business travel. Harrisburg is a hub for government-related travel due to its status as the state capital, hosting numerous state government offices and agencies. The Pennsylvania Farm Show Complex and Expo Center in Harrisburg also attracts a variety of trade shows, conventions, and corporate events throughout the year. Interstates 76, 83, and 283 run throughout the surrounding are, connecting central Pennsylvania to major cities such as Baltimore, Philadelphia, and Pittsburgh.

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INVESTMENT HIGHLIGHTS

• Fee simple, non-union and unencumbered of management
• Asset is being offered for sale at a significant discount to replacement cost.
• Strong consistent top-line performance with a 120+ RevPAR Index.
• Lean limited-service operating model with potential for exceptional cash-flow generation.
• Excellent location off Interstate 283 and 83 | Proximity to all local demand generators and major interstates.
• The hotel offers great proximity to downtown Harrisburg, the capital of Pennsylvania.
• Quick drive to the 611-bed Penn State Health Milton S. Hershey Medical Center. It is Pennsylvania’s only nationally verified Level 1 Trauma Center for both children and adults.
• 15-minute drive to Hershey Park, the ninth most visited theme park in North America which averages over 3 million visitors a year.
• Harrisburg International Airport, 4 miles away, offers flights to 17 different cities from airlines, Allegiant, American, Delta, and United.