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Red Roof Inn Somerset, PA 220 Waterworks Rd 94 Room Hotel Somerset, PA 15501 $2,670,000 ($28,404/Room) 12.27% Cap Rate
Investment Highlights
- Prime Turnpike Gate Location with Exceptional Visibility
- Recession-Resilient Economy Lodging
- Discounted Entry Pricing with Stabilization and Operational Upside
- Recently Renovated Asset with Strong Guest Reception
- Diverse and Durable Demand Drivers
- Attractive Yield Profile for Owner-Operators and Regional Investors
Executive Summary
Ritik Patel and Mitchell Glasson are pleased to present an excellent opportunity to acquire the well positioned Red Roof Inn Somerset. This recently renovated asset is strategically located directly off the Pennsylvania Turnpike, one of the region’s most heavily traveled corridors, providing exceptional visibility and convenient access for both commercial and leisure travelers.
Situated along a primary east west transportation route in Western Pennsylvania, the property benefits from consistent transient demand driven by highway traffic, regional distribution activity, and nearby corporate employers. Somerset serves as a key lodging stop between Pittsburgh and Harrisburg, capturing year round demand from logistics, energy, manufacturing, and outdoor tourism to destinations such as Seven Springs Mountain Resort and Ohiopyle State Park.
The hotel underwent significant renovations in 2024, positioning a new owner to capitalize on improved product quality with limited near term capital requirements. As operations continue to stabilize post renovation, the asset offers attractive pro forma upside through rate growth, margin expansion, and continued brand alignment under the Red Roof system.
With its prime Turnpike location, recent capital improvements, and clear path to NOI growth, this offering represents a compelling opportunity to acquire a well located asset with meaningful value add potential in a resilient drive to market.
Broker of Record
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Situated along a primary east west transportation route in Western Pennsylvania, the property benefits from consistent transient demand driven by highway traffic, regional distribution activity, and nearby corporate employers. Somerset serves as a key lodging stop between Pittsburgh and Harrisburg, capturing year round demand from logistics, energy, manufacturing, and outdoor tourism to destinations such as Seven Springs Mountain Resort and Ohiopyle State Park.
The hotel underwent significant renovations in 2024, positioning a new owner to capitalize on improved product quality with limited near term capital requirements. As operations continue to stabilize post renovation, the asset offers attractive pro forma upside through rate growth, margin expansion, and continued brand alignment under the Red Roof system.
With its prime Turnpike location, recent capital improvements, and clear path to NOI growth, this offering represents a compelling opportunity to acquire a well located asset with meaningful value add potential in a resilient drive to market.
Broker of Record
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $2,670,000 | Lot Size | 2.17 AC |
| Price Per Room | $28,404 | Building Size | 43,010 SF |
| Sale Type | Investment | No. Rooms | 94 |
| Cap Rate | 12.27% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1990/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.65/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $2,670,000 |
| Price Per Room | $28,404 |
| Sale Type | Investment |
| Cap Rate | 12.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 43,010 SF |
| No. Rooms | 94 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2024 |
| Parking Ratio | 2.65/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 94 | $80.00 | - |
1 1
Property Taxes
| Parcel Number | 410049580 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $417,010 |
Property Taxes
Parcel Number
410049580
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$417,010
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Red Roof Inn Somerset, PA | 220 Waterworks Rd
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