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Residence Inn Pittsburgh Cranberry Township 1308 Freedom Rd 96 Room Hotel Cranberry Township, PA 16066 $13,864,400 CAD ($144,421 CAD/Room) 11.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong day-one cash-on-cash return
- Stable NOI after management fees and reserves
- 5 of 7 competitive-set ranking with measurable performance improvement opportunity
- Extended-stay Residence Inn margins driven by longer length of stay, lower turnover, and reduced housekeeping pressure
- Clear upside through ADR re-rating and occupancy growth post-PIP
- Limited new supply in the submarket, supporting sustained rate growth
EXECUTIVE SUMMARY
?? NEW HOTEL INVESTMENT OPPORTUNITY ??
?? Marriott Residence Inn | Cranberry Township, PA
?? Pittsburgh MSA | I-79 Corporate Corridor
Excited to bring a cash-flowing, extended-stay Marriott asset to market in one of the strongest suburban business corridors in the Pittsburgh MSA. This opportunity offers durable in-place cash flow with a clear value-add upside driven by a brand-required PIP and meaningful ADR re-rating potential ??.
?? This Residence Inn benefits from strong corporate, healthcare, and long-term demand, making it a compelling opportunity for investors seeking margin stability, brand strength, and downside protection.
Brian Brockman | PA Broker of Record
Bang Realty – PA Inc
?? Boro@bangrealty.com
?? 513-898-1551
PA LIC #RM432816
?? Marriott Residence Inn | Cranberry Township, PA
?? Pittsburgh MSA | I-79 Corporate Corridor
Excited to bring a cash-flowing, extended-stay Marriott asset to market in one of the strongest suburban business corridors in the Pittsburgh MSA. This opportunity offers durable in-place cash flow with a clear value-add upside driven by a brand-required PIP and meaningful ADR re-rating potential ??.
?? This Residence Inn benefits from strong corporate, healthcare, and long-term demand, making it a compelling opportunity for investors seeking margin stability, brand strength, and downside protection.
Brian Brockman | PA Broker of Record
Bang Realty – PA Inc
?? Boro@bangrealty.com
?? 513-898-1551
PA LIC #RM432816
PROPERTY FACTS
| Price | $13,864,400 CAD | Lot Size | 5.86 AC |
| Price Per Room | $144,421 CAD | Building Size | 115,224 SF |
| Sale Type | Investment | No. Rooms | 96 |
| Cap Rate | 11.86% | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2015 |
| Property Subtype | Hotel | Parking Ratio | 1.84/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | SP-1 | ||
| Price | $13,864,400 CAD |
| Price Per Room | $144,421 CAD |
| Sale Type | Investment |
| Cap Rate | 11.86% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.86 AC |
| Building Size | 115,224 SF |
| No. Rooms | 96 |
| No. Stories | 4 |
| Year Built/Renovated | 1998/2015 |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
| Zoning | SP-1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 96 | $255.10 CAD | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $260,253 CAD | |
| Land Assessment | $450,939 CAD | Total Assessment | $711,193 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$450,939 CAD
Improvements Assessment
$260,253 CAD
Total Assessment
$711,193 CAD
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Residence Inn Pittsburgh Cranberry Township | 1308 Freedom Rd
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