Park Inn by Radisson Grove City | 1924 Leesburg Grove City Rd
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Park Inn by Radisson Grove City 1924 Leesburg Grove City Rd
60 Room Hotel Grove City, PA 16127 $3,587,425 CAD ($59,790 CAD/Room)
Investment Highlights
- Turnkey Investment: Two-story interior corridor hotel, built in 1997 and fully renovated in 2024, with strong ADR performance and fully PIP-compliant.
- Growth Potential: Operated by an absentee owner with a low Market Penetration Index (RGI) of 47.8, offering significant upside under active managemen
- Exceptional Value: Listed at $2.5MM, well below the appraised value of $3.1MM, with a TTM Revenue of $786,829 and a revenue multiplier of 3.17x.
Executive Summary
The Park Inn by Radisson located in Grove City, Pennsylvania, is a two-story, 60 room hotel that was built in 1997 and underwent a renovation in 2019 & 2024. Situated on 2.51 acres near Interstate 79, this well-positioned property provides easy access to local attractions and amenities. Noteworthy nearby demand generators include the Grove City Premium Outlets, Keystone Safari, Grove City College. This property was recently converted from a Best Western and features many amenities including an Indoor Pool, Business Center, and Complimentary Breakfast, offering a modern, comfortable experience for travelers and ensuring a competitive edge in the market.
Data Room Click Here to Access
- Third Party Reports
- STR Reports
- Hotel Stat
- Franchise Agreement
- Financials
Property Facts
| Price | $3,587,425 CAD | Building Size | 31,918 SF |
| Price Per Room | $59,790 CAD | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1997/2024 |
| Property Subtype | Hotel | Parking Ratio | 1.94/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.51 AC |
| Price | $3,587,425 CAD |
| Price Per Room | $59,790 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.51 AC |
| Building Size | 31,918 SF |
| No. Rooms | 60 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2024 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 60 | $126.28 CAD | - |
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PROPERTY TAXES
| Parcel Number | 29-613695 | Improvements Assessment | $561,837 CAD |
| Land Assessment | $49,378 CAD | Total Assessment | $611,215 CAD |
PROPERTY TAXES
Parcel Number
29-613695
Land Assessment
$49,378 CAD
Improvements Assessment
$561,837 CAD
Total Assessment
$611,215 CAD
zoning
| Zoning Code | C |
| C |
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Park Inn by Radisson Grove City | 1924 Leesburg Grove City Rd
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