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Award Winning Suburban Studios Hotel 975 Sheffield St 120 Room Hotel Washington, PA 15301 $15,861,981 CAD ($132,183 CAD/Room) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 120 Sleeping Rooms (64 Studio Queens, 56 Studio Doubles)
- New Exterior Signage Installed in 2024
- Produces Healthy EBITDA, Ranks Highly Among its STR Competitive Set
- Fully-equipped kitchens
- Attractive, Well-Maintained Property
- Excellent Interstate Visibility, 30,000 VPD
EXECUTIVE SUMMARY
This award-winning Suburban Studios extended-stay hotel is a very strong performer in Washington, PA (Pittsburgh MSA). The hotel generates strong revenue, produces healthy EBITDA, and ranks highly among its STR competitive set. The attractive, well-maintained property is a strategic opportunity for hospitality operators and investors.
PROPERTY FACTS
| Price | $15,861,981 CAD | Lot Size | 2.07 AC |
| Price Per Room | $132,183 CAD | Building Size | 55,840 SF |
| Sale Type | Investment | No. Rooms | 120 |
| Cap Rate | 8% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2015 |
| Property Subtype | Hotel | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Commercial | ||
| Price | $15,861,981 CAD |
| Price Per Room | $132,183 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.07 AC |
| Building Size | 55,840 SF |
| No. Rooms | 120 |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 120 | $154.95 CAD | - |
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PROPERTY TAXES
| Parcel Number | 1200110807000100 | Improvements Assessment | $3,271,890 CAD |
| Land Assessment | $2,672,886 CAD | Total Assessment | $5,944,777 CAD |
PROPERTY TAXES
Parcel Number
1200110807000100
Land Assessment
$2,672,886 CAD
Improvements Assessment
$3,271,890 CAD
Total Assessment
$5,944,777 CAD
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MATTERPORT 3D EXTERIOR
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Award Winning Suburban Studios Hotel | 975 Sheffield St
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