Hospitality Business for Sale in New Columbia, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: New Columbia, PA 17856
  • Year built: 1997

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Holiday Inn Express Lewisburg/New Columbia. The three-story 99 room hotel will be delivered Fee simple unencumbered of debt or management and is being offered at $8,795,000 or a 3.41 RRM at 11.3 percent cap rate. The Hotel in 2023/2024 completed a comprehensive Formula Blue renovation allowing for a new investor to receive a long-term relicense with minimal PIP upon transfer. Ideally positioned directly off Interstate 80 and Routes 11/15, the property benefits from exceptional regional connectivity, strong corporate and leisure visibility, and easy access to key demand generators across Central Pennsylvania. The Holiday Inn express Lewisburg/New Columbia represents an attractive turnkey Premium select service asset well below replacement cost just one hour from Harrisburg, Scranton and 2 hours from Allentown, Pennsylvania rewarding investors with an attractive in-place cap rate while the hotel stabilizes at over $2.7M in revenues by 2026. Investment Highlights: • Minimal PIP 2023/2024 Full Renovation • 11.3 Percent Cap Rate $993,148 NOI • 3.41 RRM • Long Term IHG Relicense

Market Context

This hospitality in New Columbia, PA is listed for sale. It is offered at an approximate 11.0% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1997. It has been on the market for 68 days. Compare it against other hospitality listings for sale in New Columbia, PA — <a href="/search/sale/hospitality/pennsylvania/new-columbia">view the full market</a>.

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