TownePlace Suites Grove City, PA
231 Westside Square Dr Mercer, PA
PROPERTY SUMMARY
Opportunity
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Fee-simple interest in the 2016 build, 96-room TownePlace Suites by Marriott Grove City Mercer/Outlets, PA
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New long term Marriott license available upon completion of the PIP
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Strong in-place performance with RevPAR up 27.6% T3 year-over-year
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Easily financeable asset with over $1MM in NOI
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Absentee owned and third-party managed
Location
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Located right off I-79 proximate to the I-79/I-80 junction with approximately 30,000 vehicles passing the location daily
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Ideally located adjacent to the Grove City Premium Outlets, the sixth largest outlet center in the country with more than 130 stores that draws over six million visitors annually
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Proximate to all area corporate demand, including Wabtec US Rail Inc., George J. Howe Company, Wendell August Forge, Bashlin Industries, and Pine Instrument Company
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Near all local leisure demand, including Keystone Safari and Guthrie Theatre
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Situated near AHN Gove City Hospital and Grove City College
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Easily accessible to Pittsburgh PA, the 35th largest MSA in the US with a population of over 2.4M