Hunter Advisors is pleased to present the exclusive opportunity to acquire the Crowne Plaza Harrisburg-Hershey, a 260-room, full-service hotel strategically located in the heart of downtown Harrisburg, Pennsylvania. Institutionally owned and third-party managed, the Property offers new ownership a compelling combination of in-place cash flow, embedded upside, and strategic flexibility. A few highlights of the offering include:
- Rare opportunity to acquire a 260-room, full-service Crowne Plaza in an irreplaceable location within the heart of downtown Harrisburg, walking distance to the PA State Capitol, UPMC Harrisburg, and Harrisburg University.
- The Hotel generated over $5.8M in TTM revenue with a 20.1% NOI margin, offering a clear path to margin expansion under a more hands-on, localized ownership.
- Significant upside potential, with TTM RevPAR penetration at just 75.7% of the competitive set (ranked 3 of 6) and no new supply under construction within 5 miles.
- Available unencumbered of brand and priced below replacement cost, giving a new owner maximum flexibility and a compelling basis for a downtown, full-service asset.
