2 Convention Center Dr | Altoona, PA 16602
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- LoopNet Team
2 Convention Center Dr
Altoona, PA 16602
Courtyard Marriott by Convention Center · Hospitality Property For Sale · 99,520 SF
Investment Highlights
- The Courtyard by Marriott Altoona is a 105-room leasehold property ideally located adjacent to the Blair County Convention Center and I-99.
- Connectivity to the Blair County Convention Center enhances its appeal for both business and leisure travelers.
- The Courtyard has favorable ground-lease terms, including extension options up to 2075 and low and lessee-friendly annual payments.
- In the February 2024 trailing-twelve-month period, the Courtyard’s RevPAR is almost 7% higher than year-end 2019.
- Comprehensive property improvement plan could be pursued to enhance guest experiences and capture lost occupancy and rate in its competitive set.
- Altoona is between Pittsburgh and Philadelphia, positioned to tap into diverse demand sources, including corporate travelers, tourists, and more.
PROPERTY FACTS
| Sale Conditions | Auction Sale | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 2001/2008 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 2.01 AC | Corridor | Interior |
| Building Size | 99,520 SF |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.01 AC |
| Building Size | 99,520 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2001/2008 |
| Tenancy | Single |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Fitness Center
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $32,515,153 | |
| Land Assessment | $3,172,488 | Total Assessment | $35,687,641 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,172,488
Improvements Assessment
$32,515,153
Total Assessment
$35,687,641
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