TownePlace Suites Grove City, PA

231 Westside Square Dr Mercer, PA

PROPERTY SUMMARY

 

Opportunity 

  • Fee-simple interest in the 2016 build, 96-room TownePlace Suites by Marriott Grove City Mercer/Outlets, PA

  • New long term Marriott license available upon completion of the PIP

  • Strong in-place performance with RevPAR up 27.6% T3 year-over-year

  • Easily financeable asset with over $1MM in NOI

  • Absentee owned and third-party managed

Location

  • Located right off I-79 proximate to the I-79/I-80 junction with approximately 30,000 vehicles passing the location daily

  • 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

  • Proximate to all area corporate demand, including Wabtec US Rail Inc., George J. Howe Company, Wendell August Forge, Bashlin Industries, and Pine Instrument Company

  • Near all local leisure demand, including Keystone Safari and Guthrie Theatre

  • Situated near AHN Gove City Hospital and Grove City College

  • Easily accessible to Pittsburgh PA, the 35th largest MSA in the US with a population of over 2.4M

Andrew Makhlouf

Principal

312.610.9067

amakhlouf@paramountlodging.com

Mike Schlictman

Principal

803.920.4173

mikes@paramountlodging.com