Hotels for Sale

Days Inn by Wyndham Monroeville Pittsburgh, PA

Description:

UNDER CONTRACT

  • Fee simple interest in the 103-room limited service Days Inn Monroeville Pittsburgh
  • Property offered for sale at a discount to replacement cost and unencumbered of debt and management
  • Approximately $410,000 ($3,980 per key) of CapEx improvements completed since 2013
  • Located adjacent to the intersection of Interstate-376 and Interstate-76 with upwards of 100,000 cars passing the location daily
  • Walking distance to some of the area’s largest employers including the 312-bed University of Pittsburgh Medical Center East (UPMC) and the 315-bed Forbes Hospital Allegheny Health Network (AHN), which is currently underway with a brand-new $35MM cancer center expansion
  • Approximately 14-miles from downtown Pittsburgh and proximate to all regional demand including the University of Pittsburgh, Carnegie Mellon University, Heinz Field, PNC Park, the Pittsburgh Convention Center, and Pittsburgh International Airport
  • Optimal time to invest in the Pittsburgh MSA with strong growth in the budding tech sector including nearly $700MM of tech related area investments in 2017, placing Pittsburgh in top-ten ranking nationally for tech related investments
  • Plans are well underway for a $1.1B airport renovation and modernization to better accommodate preferred passenger routes and expand European routes following nearly +8% passenger growth in 2017 for Pittsburgh International Airport

Listing Agents

Omari Head
T: 773.315.5704
Email

Kami Burnette
T | 512.831.5605
Email

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