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Award Winning Suburban Studios Hotel 975 Sheffield St 120 Room Hotel Washington, PA 15301 $14,917,943 CAD ($124,316 CAD/Room) 9.04% Cap Rate
Investment Highlights
- 120 Sleeping Rooms (64 Studio Queens, 56 Studio Doubles) - 95% Average Occupancy
- New Exterior Signage Installed in 2024
- Produces Healthy EBITDA, Ranks Highly Among its STR Competitive Set
- Extended Stay Hotel with Fully-Equipped Kitchens - Pittsburgh, PA MSA
- Attractive, Well-Maintained Property
- Excellent Interstate Visibility, 30,000 VPD
Executive Summary
Investment Opportunity – 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 $10,985,230 sale price equates to a 9.04% cap rate and represents a significant replacement cost discount ($216.67/sf; $91,543/key). Extended-stay hotels are recession-resistant and outperform the broader market with stronger demand and revenue gains. This attractive, well-maintained property is a strategic opportunity for hospitality operators and investors.
Property Facts
| Price | $14,917,943 CAD | Lot Size | 2.07 AC |
| Price Per Room | $124,316 CAD | Building Size | 55,700 SF |
| Sale Type | Investment | No. Rooms | 120 |
| Cap Rate | 9.04% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2015 |
| Property Subtype | Hotel | Parking Ratio | 2.19/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C - Commercial | ||
| Price | $14,917,943 CAD |
| Price Per Room | $124,316 CAD |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.07 AC |
| Building Size | 55,700 SF |
| No. Rooms | 120 |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 2.19/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
Amenities
- Business Center
- Fitness Center
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 120 | $154.81 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1200110807000100 | Improvements Assessment | $3,350,100 CAD |
| Land Assessment | $2,736,778 CAD | Total Assessment | $6,086,878 CAD |
Property Taxes
Parcel Number
1200110807000100
Land Assessment
$2,736,778 CAD
Improvements Assessment
$3,350,100 CAD
Total Assessment
$6,086,878 CAD
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Award Winning Suburban Studios Hotel | 975 Sheffield St
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