Hotel for Sale in Altoona, PA - $6,400,000

By
Real Estate Agent with ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com NC License #115457

Hotel for Sale in Altoona, PA - 109 Rooms - $6,400,000

 

3306 Pleasant Valley Boulevard, Altoona, PA 16602 (Blair County)

I have a client moving to my area that's selling his hotel in Altoona, PA. He's been in the hotel business his entire life, He's ready to move south and do something different is the only reason he's selling. This would be an excellent opportunity for someone looking to get into the hotel business or for someone who is looking for a great business opportunity!

I am NOT the listing agent. I am just spreading the word to try and help my client sell the place. Please click on the link above to contact the listing agent for more information or CLICK HERE for more information and to contact him.

Highlights

  • Located on Interstate 99
  • 11.1% CAP Rate
  • 18% Cash on Cash

 

  • Rebranding Opportunity
  • Strong Market Demand Generators

 

 

 

65 percent of the demand for rooms is from corporate clientele, 20 percent is from group travelers. The hotel is positioned to continue to perform well as the local economy and the city of Altoona grow.

1/2% referral fee paid or 2% co-broke 

 

 

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Best wishes for a successful transaction.

Have a most productive August.

Aug 08, 2013 06:29 AM #1
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Rainmaker
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Mitch Muller - Charlotte NC Real Estate

Certified Residential Specialist
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