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16 Trinity Point Dr
Washington, PA 15301
Springhill Suites by Marriott Pittsburgh Area · Hospitality Property For Sale
·
50,292 SF
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2000/2012 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.94 AC | Parking Ratio | 1.49/1,000 SF |
| Building Size | 50,292 SF | Corridor | Interior |
| Zoning | C - COMM 4 STY STUC HTL | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.94 AC |
| Building Size | 50,292 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2012 |
| Tenancy | Single |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Interior |
| Zoning | C - COMM 4 STY STUC HTL |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
About 16 TRINITY POINT DR , WASHINGTON, PA 15301
"Hodges Ward Elliott and Ten-X Commercial are pleased to present the Springhill Suites Pittsburgh Washington for sale via online auction. The SpringHill has seen double-digit RevPAR growth in 10 of the last 11 months. This has translated to 29.7% RevPAR growth year-to-date through June and 19.7% RevPAR growth on a T-12 basis. On a T-12 basis through June, the SpringHill has seen its RPI decrease in each of the last two years, going from 132.2% in T-12 June 2016 to 117.6% in T-12 June 2018. This can largely be attributed to the fact that the SpringHill has not seen significant renovation capital since 2012. The SpringHill is slated for a $1.9 million ($22,000 per key) renovation in 2019, in which the Hotel will receive new soft goods and case goods in the guest rooms. Once renovated, the Hotel will be primed to regain its position as the RPI leader in a set that is poised for a heightened rate ceiling as a result of robust market growth. "
Property Taxes
| Parcel Number | 6000051300000300 | Improvements Assessment | $3,606,895 |
| Land Assessment | $742,100 | Total Assessment | $4,348,995 |
Property Taxes
