Quality Inn & Suites, Grove City – Outlet Mall

  • $2,700,000
For Sale New
2049, Leesburg Grove City Road, Schollard, Leesburg, Springfield Township, Mercer County, Pennsylvania, 16137, United States
For Sale New
2049, Leesburg Grove City Road, Schollard, Leesburg, Springfield Township, Mercer County, Pennsylvania, 16137, United States
  • $2,700,000
  • Hotel
  • Property Type
  • 43,743
  • Gross SF
  • 3
  • Stories
  • 121
  • Keys
  • 1
  • Number of Buildings
  • 2007
  • Year Built

Description

Besen Partners Hotel Advisory Group is pleased to offer the fee-simple interest in the Quality Inn & Suites Grove City – Outlet Mall located at 2049 Leesburg Grove City Road, Mercer, PA 16137. This limited-service hotel consists of 121 interior corridor guestrooms spread over three floors along with a lobby workstation, fitness center, guest laundry facility, meeting room, and a breakfast dining area. Sitting on 3.46 acres of land, the site allows for ample redevelopment opportunities as well.

Strategically located less than one mile from the Grove City Premium Outlets, one of the largest outlet malls in the region, attracting over six million visitors a year. This property benefits from its proximity to both Interstate 79 and Interstate 80 making it a convenient stop for travelers and truck drivers. Grove City College and Slippery Rock University are a source of consistent business from visiting families and prospective students. Corporate business stems from GE Transportation along with Wendell August Forge, a well-known manufacturer of handcrafted metal giftware. UPMC Horizon, Greenville and Farrell Campuses are staples within Mercer County and provide a stable flow of hotel demand.

Convenient access to four major airports— Pittsburgh International, which is currently undergoing a $1.5 billion expansion. The project is expected to conclude in 2025 and include a new 811,000 square-foot-terminal facility and a multi-level parking garage. Cleveland Hopkins International, Akron-Canton, and Erie International are all within a two-hour drive.

 

INVESTMENT HIGHLIGHTS

  • Fee simple, non-union and unencumbered of management
  • Significant discount to replacement cost
  • Immediate RevPAR appreciation upside to position the property inline with compset
  • Lean limited-service operating model with potential for exceptional cash-flow generation
  • Excellent location off Interstates 79 and 80 | Proximity to all local demand generators and major interstates
  • Roughly 18 miles from the Ohio-Pennsylvania border
  • Pittsburgh International Airport, 43 miles away, offers flights to 61 different cities from 15 different airlines.

 

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Details

  • Price: $2,700,000
  • Gross SF: 43,743
  • Year Built: 2007
  • Property Type: Hotel
  • Property Status: For Sale
  • Stories: 3
  • Keys: 121
  • Number of Buildings: 1
  • Acres: 3.46
  • City Mercer
  • State/County Pennsylvania
  • Neighborhood/Area Mercer

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