Hampton Inn Erie-South 8050 Old Oliver Rd

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 101-room Hampton Inn Erie-South (the “Hotel”, “Property”, or “Hampton”). The Hotel is conveniently situated along the southwest quadrant of interstate 90 and State Highway 19, less than six miles south of Downtown Erie. The Hotel benefits from being in the largest market in Northwest Pennsylvania, as Erie is home to a plethora of industries such as manufacturing, tourism, education, healthcare, and service. Moreover, given Erie’s location along Lake Erie has allowed the City to be a designated foreign trade zone, which has helped bolster its logistics and trade industries.
The Hampton Inn, while consistently cash flowing, stands to benefit from a refresh which should help bolster its revenues and cash flows. Offered unencumbered of management, a new owner can oversee this refresh, while implementing their own cost savings initiatives and implementing an aggressive sales and marketing campaign coupled with a strategic revenue management plan. Furthermore, no new supply is expected to enter the submarket in the near-term, favoring the Hotel to further absorb current demand with minimal disruption. This offering presents a compelling opportunity to acquire a premium-branded, cash-flowing Hotel at a significant discount to replacement cost.