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88 Anchor Pky
Royersford, PA 19468
Staybridge Suites | PRICE REDUCED! · Hospitality Property For Sale
·
69,816 SF
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2009 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.96 AC | Parking Ratio | 1.98/1,000 SF |
| Building Size | 69,816 SF | Corridor | Interior |
| Zoning | RB | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.96 AC |
| Building Size | 69,816 SF |
| No. Stories | 4 |
| Year Built | 2009 |
| Tenancy | Single |
| Parking Ratio | 1.98/1,000 SF |
| Corridor | Interior |
| Zoning | RB |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 88 ANCHOR PKY , ROYERSFORD, PA 19468
Marcus & Millichap, on behalf of Ownership, is pleased to exclusively offer for sale the unsubordinated ground leased interest in this 105-room Staybridge Suites located along the thriving Route 422 corridor in Royersford, Pennsylvania. Royersford is located approximately 13 miles from King of Prussia and 30 miles from Center City Philadelphia. Situated on 2.95 acres in a highly visible location overlooking Route 422, more than 111,835 cars pass this site per day making this the ideal extended-stay hotel location for nearby corporate and leisure demand generators. The hotel opened in 2009 and is subject to a long-term lease with 42+ years remaining and a unique Rental Reset Formula in year 26 (2034) and upon each option. The Rental Reset Formula (defined herein) permits for the three-year average of the annual room rental revenue multiplied by 3.9% with a floor of the prior year' s rental payment. By way of example, if the annual room rental revenue was $5,500,000 in year 2034, the resulting ground rent would increase 12% from the prior year. This reset formula provides a buyer an excellent inflationary hedge and will most likely provide a significant adjustment in the rental rate based upon the present success of this location and its path of growth position.
Property Taxes
| Parcel Number | 37-00-05131-043 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,115,250 |
Property Taxes
