Econo Lodge Harrisburg - Southwest Of Hershey | 495 Eisenhower Blvd
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Econo Lodge Harrisburg - Southwest Of Hershey 495 Eisenhower Blvd
30 Room Hotel Harrisburg, PA 17111 $3,029,544 CAD ($100,985 CAD/Room)
INVESTMENT HIGHLIGHTS
- The Econo Lodge Harrisburg is presented fee-simple, non-union, and unencumbered of management.
- A strong consistent top-line performance with a 120+ RevPAR Index.
- Excellent location off Interstate 283 and 83; proximity to all local demand generators and major interstates.
- The investment asset is being offered for sale at a significant discount to replacement cost.
- Lean limited-service operating model with potential for exceptional cash-flow generation.
- The hotel offers great proximity to downtown Harrisburg, the capital of Pennsylvania.
EXECUTIVE SUMMARY
Besen Partners Hotel Advisory Group is pleased to offer a fee-simple interest in the Econo Lodge Harrisburg—Southwest of Hershey Area, located at 495 Eisenhower Boulevard, Harrisburg, PA. 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, 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 offer 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 corporate headquarters and the Penn State Health Milton S. Hershey Medical Center significantly contribute to business travel. Harrisburg is a hub for government-related travel because it is 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 area, connecting central Pennsylvania to major cities such as Baltimore, Philadelphia, and Pittsburgh.
It is a quick drive to the 611-bed Penn State Health Milton S. Hershey Medical Center, Pennsylvania’s only nationally verified Level 1 Trauma Center for both children and adults. It is also a 15-minute drive to Hershey Park, the ninth most visited theme park in North America, with an average of over 3 million visitors a year. Harrisburg International Airport, 4 miles away, offers flights to 17 different cities from Allegiant, American, Delta, and United.
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 offer 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 corporate headquarters and the Penn State Health Milton S. Hershey Medical Center significantly contribute to business travel. Harrisburg is a hub for government-related travel because it is 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 area, connecting central Pennsylvania to major cities such as Baltimore, Philadelphia, and Pittsburgh.
It is a quick drive to the 611-bed Penn State Health Milton S. Hershey Medical Center, Pennsylvania’s only nationally verified Level 1 Trauma Center for both children and adults. It is also a 15-minute drive to Hershey Park, the ninth most visited theme park in North America, with an average of over 3 million visitors a year. Harrisburg International Airport, 4 miles away, offers flights to 17 different cities from Allegiant, American, Delta, and United.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,029,544 CAD | Building Size | 16,220 SF |
| Price Per Room | $100,985 CAD | No. Rooms | 30 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1987/1995 |
| Property Subtype | Hotel | Parking Ratio | 2.16/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.72 AC |
| Price | $3,029,544 CAD |
| Price Per Room | $100,985 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 16,220 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built/Renovated | 1987/1995 |
| Parking Ratio | 2.16/1,000 SF |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 30 | $121.18 CAD | - |
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PROPERTY TAXES
| Parcel Number | 63-027-273 | Improvements Assessment | $804,002 CAD |
| Land Assessment | $347,228 CAD | Total Assessment | $1,151,230 CAD |
PROPERTY TAXES
Parcel Number
63-027-273
Land Assessment
$347,228 CAD
Improvements Assessment
$804,002 CAD
Total Assessment
$1,151,230 CAD
ZONING
| Zoning Code | C12 (Lodging Facility) |
| C12 (Lodging Facility) |
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Econo Lodge Harrisburg - Southwest Of Hershey | 495 Eisenhower Blvd
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