Hotels for Sale

La Quinta Inn Pittsburgh Airport, PA

Address:
Pittsburgh, Pennsylvania
Description:
  • Fee-simple interest in the corporately owned and managed 129-room La Quinta Inn Pittsburgh Airport offered at a fraction of replacement cost
  • Property offered for individual sale or as part of a larger corporate portfolio sale
  • Available unencumbered of debt and management with the ability to retain the La Quinta brand with a new long-term license agreement with Wyndham
  • Significant operating improvement prospects following completion of the pre-negotiated La Quinta PIP and more hands-on ownership
  • Plans are well underway for a $1.1B airport renovation and modernization to better accommodate preferred passenger routes and expand European routes following nearly +7.5% passenger growth in 2018 for Pittsburgh International Airport
  • Ideally located within the heart of the airport corridor and within walking distance of numerous nationally recognized restaurants and Robert Morris University
  • Property is readily accessible to Interstate 376 and Interstate 79 with upwards of 70,000 cars passing the location daily
  • Situated approximately 13 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 the top-ten ranking nationally for tech related investments

Listing Agents

Omari Head
T: 773.315.5704
Email

Brent Clemens
T: 312.239.0572
Email

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