Fairfield Inn & Suites Willow Grove, PA

Detailed Information
Property Highlights
  • Fee simple interest in the 2016 built, 108-room Fairfield Inn & Suites Philadelphia Horsham Willow Grove, PA offered for purchased through a receiver sale
  • Property is offered for sale in the December 16th auction event with RealINSIGHT Marketplace
  • Available unencumbered of debt and management at a significant discount to replacement cost 
  • Strong in-place cash-flow Pre-COVID with the asset generating over $1.0MM in NOI in 2019. 
  • Strong operational upside in purchasing out of receivership, completing the PIP, and securing a long—term franchise agreement with Marriott 
  • Property is currently receiver-managed with receiver appointed by the court in February 2021
  • Property benefits from close proximity to some of the areas most prominent demand generators including the Horsham Business Center, Willow Grove Station, UPS Willow Grove, Prudential, Abbington-Jefferson Health, Willow-Grove Park Mall, Sesame Place, King of Prussia Mall and Parx Casino
  • Hotel is ideally located within the Horsham/ Willow Grove submarket with easy access I-276 and is situated less than 30 minutes from King of Prussia and one hour from Philadelphia