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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
SpringHill Suites Pittsburgh Washington presents an exceptional investment opportunity in Washington, Pennsylvania’s growth corridor. This 86-key, four-story property operates under the Marriott brand, offering investors a stable flag with strong upside potential. The asset features fully completed guestroom and exterior enhancements, driving minimal operational disruption for new ownership.
Strategically located within the Trinity Point commercial node, the property benefits from significant demand generators including Hollywood Casino at The Meadows (3M annual visitors), Tanger Outlets (3.5M annual visitors), and Washington County Fairgrounds. Proximity to the Marcellus Shale gas development further strengthens midweek occupancy from corporate and energy sector demand.
Revenue performance indicates a notable RevPAR gap of $15.41 compared to its competitive set, creating a clear runway to capture approximately $480,000 in additional revenue and $180K–$300K NOI growth potential. With additional value-add opportunities, including optimization of amenities and operational efficiencies, this property offers meaningful potential for immediate and long-term returns.
Strategically located within the Trinity Point commercial node, the property benefits from significant demand generators including Hollywood Casino at The Meadows (3M annual visitors), Tanger Outlets (3.5M annual visitors), and Washington County Fairgrounds. Proximity to the Marcellus Shale gas development further strengthens midweek occupancy from corporate and energy sector demand.
Revenue performance indicates a notable RevPAR gap of $15.41 compared to its competitive set, creating a clear runway to capture approximately $480,000 in additional revenue and $180K–$300K NOI growth potential. With additional value-add opportunities, including optimization of amenities and operational efficiencies, this property offers meaningful potential for immediate and long-term returns.
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 |
| Zoning | R-1 , CBD - Low Density Residential, Central Business District | ||
| 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 |
| Zoning | R-1 , CBD - Low Density Residential, Central Business District |
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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SpringHill Suites Pittsburgh Washington | 16 Trinity Point Dr
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