Hunter Advisors has been exclusively engaged to offer for sale the fee simple interest in the Courtyard Pittsburgh West Homestead Waterfront, a Marriott-branded select-service hotel prominently positioned within The Waterfront, one of the region’s leading open-air retail, dining, and entertainment destinations. Situated along the Monongahela River on the former Homestead Steel Works site, the Hotel benefits from immediate access to a broad mix of national retailers, restaurants, and entertainment venues, as well as major leisure and institutional demand generators including Kennywood, Sandcastle Waterpark, Downtown Pittsburgh, the University of Pittsburgh Medical Center (“UPMC”) network, and Bettis Atomic Power Laboratory. The Property also stands to benefit from ongoing reinvestment within The Waterfront, including the multi-million-dollar renovation completed at AMC Waterfront 22 in November 2025 and the planned redevelopment of approximately two acres between the theater and Costco into multifamily and complementary commercial uses directly across from the Hotel. These initiatives are expected to support temporary construction-related demand and further enhance activity within the corridor over time.
The Hotel has demonstrated strong in-place operating performance, generating approximately $3.8 million of room revenue during the trailing-twelve-month period ending January 2026 and achieving RevPAR of $111.0, which ranked second among the seven hotels in its competitive set. The Property has generated RevPAR above $100 in each of the past three years, including in excess of $110 in each of the last two years, reflecting durable top-line strength and an established market position. At the same time, the offering presents meaningful bottom-line upside, as the Hotel generated $723,557 of net operating income during the TTM period, representing a 17.9% NOI margin, which provides a clear opportunity for a new owner to drive margin expansion through a more localized management approach and tighter cost controls. Inclusive of a comprehensive renovation and PIP, the projected all-in basis remains below new construction cost, offering investors the opportunity to acquire a well-located, institutionally operated asset at a compelling basis relative to replacement cost.
