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30 Happy Valley Dr
Reedsville, PA 17084
Holiday Inn Express & Suites · Hospitality Property For Sale · 48,000 SF

Investment Highlights

  • New Construction 2018 - Excellent Condition
  • Value-Add Potential In Addition To Current Additional Cash Flow
  • Offering Includes An Out Parcel Single Tenant Office Building ( – Priced Separately – )
  • Ideally Located Adjacent to US-322 Immediately Off Exit
  • Additional Land for a Bar/Restaurant or QSR (Quick Service Restaurant)

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 6.73 AC
Building Size 48,000 SF
No. Stories 4
Year Built 2018
Corridor Interior
Zoning Commercial

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

About 30 HAPPY VALLEY DR , REEDSVILLE, PA 17084

Marcus and Millichap is proud to exclusively offer to qualified investors: Holiday Inn Express and Suites of Reedsville. Located at 30 Happy Valley Drive, Reedsville, PA. Opened in June of 2018, this brand new 48,000 square foot, four-story hotel, offers 83 guest rooms including 18 suites, an indoor pool, fitness center, two conference rooms, breakfast area and guest laundry facilities. As part of International Hotel Groups (IHG), this Holiday Inn Express and Suites facility features the next evolution of hotel design called Formula Blue, Smart Design for Smart Travel, which was developed by hotel owners and guest insight. Hotel amenities including, a 24/7 business center with computer access and copying, printing and faxing capabilities, a free, fresh, hot breakfast buffet with Cinnabon brand cinnamon rolls offered as a specialty item and rooms featuring a refrigerator, microwave, flat screen television, foyer area, and an all-in-one desk, closet and television console, all to help each guest feel at home. In the front lobby, a market place is available to purchase beverages, snacks and frozen dinners. The lobby is also a reflection of the new design with a modern, bright feel with hints of blue throughout. Currently, the hotel has 23 employees during its peak season. The location of the property is ideal due to the proximity of State College, home to Penn State University. US-322 is the primary route to campus and sporting events from Harrisburg and Philadelphia. The location is also very close to the halfway way point between Ohio & New Jersey which makes for an ideal "rest" point for transportation drivers, commuters, and travelers heading to Philadelphia or the Jersey Shore for vacation. The single tenant office that sits in front of the parcel is owned by current ownership as well. The tenant is Landstar Transportation Logistics which uses the space as a training and education facility for truck drivers. There is strong synergy between the two properties which can be grown even more with the development of a bar, restaurant, or QSR (Quick Service Restaurant) on the additional open space next to the hotel. Holiday Inn Express & Suites Reedsville - State College Area The Kishacoquillas Valley is one of the most picturesque spots in the Central Pennsylvania Mountains near the Amish communities and our hotel in Reedsville places you right in the middle of it. Our 100% smoke-free hotel was built in 2018, so we have all the latest amenities for you to enjoy. Among these are cable TV with more than 60 channels, free Wi-Fi, an exercise facility with Matrix Fitness Commercial Equipment and an indoor heated pool open all year around. And don't forget to stop by the lobby each morning for your complimentary hot breakfast. When you're not relaxing in one of our 83 guest rooms, you'll find that the location of our hotel in Central Pennsylvania puts you just a quick drive from numerous popular attractions such as Penns Cave and Reeds Gap State Park, a largely untouched wilderness area just seven miles from our doorstep. There you can fish, hunt, swim, hike, and, in the winter months, ski cross-country. For something more civilized, Near by the Big Valley Antique Mall, a large emporium full of countless gems just waiting to be discovered. Business travelers will easily be able to visit Philips, General Electric, Landstar Trucking and other businesses. Just over the ridge is the famous Penn State University, making our Reedsville hotel a popular place to stay among those visiting the campus. Nearby is the Beaver Springs Dragway, an IHRA-sanctioned drag strip. ***Due to the many of these combined factors the subject property enjoys consistently high occupancy rates.***

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 14
  • 01-0107AA
  • 000
Land Assessment
$117,300
Improvements Assessment
$554,700
Total Assessment
$672,000
  • Listing ID: 18813068

  • Date on Market: 3/10/2020

  • Last Updated:

  • Address: 30 Happy Valley Dr, Reedsville, PA 17084

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