Residence Inn 96-key In Cranberry Township For Sale - Business for Sale
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96-Key Residence Inn Extended-Stay Hotel in Cranberry Township, PA
Cranberry Township, PA, US
Added 3 months ago
Hotel / Hospitality
Residence Inn by Marriott is a 96-key extended-stay hotel located in Cranberry Township, PA, operating along the I-79 Corporate Corridor within the Pittsburgh metropolitan area.
Key Information
Asking
$10.0M
Revenue
–
Earnings
$1.2M
Multiple
8.4x
Key Highlights
- Residence Inn by Marriott with 96 keys (rooms)
- Located in Cranberry Township, Butler County, PA
- Net operating income (NOI) is $1,185,564
- Cap rate is 11.86%
- Property was built in 1998 and renovated in 2015
- Total building size is approximately 115,224 square feet
- Current occupancy rate is 74.23%
- The business is a Marriott-branded franchise
Contact Info
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