Homewood Suites Pittsburgh Airport Robinson Mall Area, PA

Listing Agents

Omari Head
T | 773.315.5704

Detailed Information
Property Highlights
  • Fee Simple interest in the 117-room Homewood Suites Pittsburgh Airport Robinson Mall Area
  • Property is institutionally owned and managed
  • The property is being offered for sale at a substantial discount to replacement cost and unencumbered of debt and management
  • Asset has strong in-place yield and +90 RevPAR allowing for the asset to be readily financeable in current debt markets
  • Premium branded Upscale extended stay proximate to the largest airport in the state
  • Development well underway for a ~$1.6B airport renovation and modernization to better accommodate preferred passenger routes
  • Walking distance to several larger corporate and regional headquarters including ADP Corapolis, Calgon Carbon Corporation, and Fedex Ground headquarters
  • Proximate to all broader airport corporate corridor demand – including Dick’s Sporting Goods HQ, Covestro North America HQ and the Pittsburgh Airport Innovation campus
  • Ideally situated within the heavily trafficked airport commercial corridor – home to numerous big box retail establishments including IKEA, Target, Sam’s Club and the 872,000SF Mall at Robinson Town Center
  • Property is readily accessible to Interstate 376 and US Route 22 with upwards of 70,000 cars passing the location daily
  • Situated approximately 12 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 life sciences and tech sector including nearly $10B of tech related area investments over the last decade, placing Pittsburgh in the top-20 ranking nationally for both tech and life sciences related investments

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