16 Marsanna Ln, Jonestown, PA 17038
52 Room Hotel | Jonestown, PA 17038 | $4,400,000 ($84,615/Room)
For Sale
Active
Asking Price $4,400,000
- Property Type
-
Hospitality
- Square Feet
- 26,057 SF
Listing Contacts
Andrew Cameron
Anudeep Gosal
Arjun Sheth
Property Overview
Besen Partners Hotel Advisory Group is pleased to offer the fee-simple interest in the SureStay Plus by Best Western Jonestown Lebanon located at 16 Marsanna Lane, Jonestown, PA 17038. This limited-service hotel consists of 52 interior corridor guestrooms spread over three floors along with an outdoor pool, lobby workstation, exercise room, and a breakfast dining area. Also located on the site is a three-bedroom house that currently houses staff, allowing a new owner to streamline and lower expenses on staffing. The site sits right off Interstate 81, allowing high visibility and signage expose to travelers.
Strategically located off Interstate 81, this property benefits from its proximity to Fort Indiantown Gap, headquarters for the Pennsylvania Department of Military and Veterans Affairs and the Pennsylvania National Guard which provide significant room nights. Leisure demand is generated by the proximity to the largest amusement park in Pennsylvania, Hershey Park which averages over 3 million visitors a year. Hollywood Casino at Penn National Racecourse is also a couple minutes away. Interstates 81, 78, and 76 run through the county, providing an hour and a half drive to Philadelphia and Allentown, a two-hour drive to Baltimore and Washington D.C, and less than three hours from New York City. It also provides a thoroughfare from Canada to the northeast corner of Tennessee.
Strategically located off Interstate 81, this property benefits from its proximity to Fort Indiantown Gap, headquarters for the Pennsylvania Department of Military and Veterans Affairs and the Pennsylvania National Guard which provide significant room nights. Leisure demand is generated by the proximity to the largest amusement park in Pennsylvania, Hershey Park which averages over 3 million visitors a year. Hollywood Casino at Penn National Racecourse is also a couple minutes away. Interstates 81, 78, and 76 run through the county, providing an hour and a half drive to Philadelphia and Allentown, a two-hour drive to Baltimore and Washington D.C, and less than three hours from New York City. It also provides a thoroughfare from Canada to the northeast corner of Tennessee.
Property Details
- Class
- B
- Year Built/Renovated
- 1980/2019
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 171,191 SF
- Units
- 52
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 Interstate 81 | Proximity to all local demand generators and major interstates
- 2.5 miles to Fort Indiantown Gap, the busiest National Guard training center in the United States
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