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SpringHill Suites Pittsburgh Washington 16 Trinity Point Dr 86 Room Hotel Washington, PA 15301 $5,500,000 ($63,953/Room) 7.80% Cap Rate
Investment Highlights
- RevPAR gap of $15.41 relative to the competitive set
- ~ $180K–$300K NOI growth depending on execution
- Guestrooms and exterior improvements completed
- Approximately $480,000 in potential revenue upside
- Over $3M in potential value creation at an 8.5% cap rate
- Minimal disruption required to ongoing operations
Executive Summary
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $5,500,000 | Building Size | 50,292 SF |
| Price Per Room | $63,953 | No. Rooms | 86 |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 7.80% | Year Built/Renovated | 2000/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.49/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $5,500,000 |
| Price Per Room | $63,953 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Building Size | 50,292 SF |
| No. Rooms | 86 |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2012 |
| Tenancy | Single |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 86 | $119.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 6000051300000300 | Improvements Assessment | $3,606,895 |
| Land Assessment | $742,100 | Total Assessment | $4,348,995 |
Property Taxes
Parcel Number
6000051300000300
Land Assessment
$742,100
Improvements Assessment
$3,606,895
Total Assessment
$4,348,995
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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SpringHill Suites Pittsburgh Washington | 16 Trinity Point Dr
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