18 W 18th St
Erie, PA 16501
Red Roof PLUS+ & Suites Erie · Hospitality Property For Sale · 49,604 SF

The Downtown Erie Hotel, a 133 unit full service hotel, is located along W. 18th Street at the signalized intersections of State & Peach Streets – two of downtown Erie, Pennsylvania’s main corridors. It is situated on two parcels totaling 2.93 acres (±) zoned C-2, General Business District. The facility totals 57,704 SF (±) with a 49,604 SF (±) hotel and attached 8,100 SF (±) restaurant/bar which could be renovated and re-opened. The hotel features ample parking, elevator service, a large lobby with a breakfast lounge, fitness center and heated in-ground pool. The hotel is comprised of 100 guest rooms: 60 double, double bed units and 40 king bed units which rent for an average of $59.00 - $67.00 per night. All rooms feature cherry finished furniture, in-room coffee makers, digital television with free cable, hairdryer, iron & ironing board. The investment includes upside potential with an additional 33 rooms which could be put back into service. The property is eligible for tax abatement programs and other investor incentives including PA Federal Opportunity Zones and Local Economic Revitalization Tax Assistance Act (LERTA) tax exemption.