Overview
The Park Inn by Radisson located in Grove City, Pennsylvania, is a two-story, 60 room hotel that was built in 1997 and underwent a renovation in 2019 & 2024. Situated on 2.51 acres near Interstate 79, this well-positioned property provides easy access to local attractions and amenities. Noteworthy nearby demand generators include the Grove City Premium Outlets, Keystone Safari, Grove City College. This property was recently converted from a Best Western and features many amenities including an Indoor Pool, Business Center, and Complimentary Breakfast, offering a modern, comfortable experience for travelers and ensuring a competitive edge in the market.
Investment Highlights
Turnkey Investment: Two-story interior corridor hotel, built in 1997 and fully renovated in 2024, with strong ADR performance and fully PIP-compliant.
Exceptional Value: Listed at $2.5MM, well below the appraised value of $3.1MM, with a TTM Revenue of $786,829 and a revenue multiplier of 3.17x.
Growth Potential: Operated by an absentee owner with a low Market Penetration Index (RGI) of 47.8, offering significant upside under active management.
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