• Homewood Suites Harrisburg Hershey West   

JLL’s Hotels & Hospitality Group has been selected to exclusively market for the sale the Homewood Suites by Hilton Harrisburg West/Hershey Area, a 116-suite, premium branded extended stay Hotel located at 5001 Ritter Road, Mechanicsburg, Pennsylvania, 17055. The Hotel is located at the intersection between US highway 15 and Interstate 76, with efficient proximity to downtown Harrisburg and its varying attractions.

This opportunity provides the ability to acquire a quality branded extended stay Hotel with exceptional upside in future cash flow through substantial market growth, comprehensive PIP-required renovations, and local hands-on management. The Property is being offered unencumbered by management, free and clear of debt, and at a substantial discount to replacement cost.

Investment highlights

  • Superior performance compared to competitors: The Homewood Suites Harrisburg/West Hershey Area has consistently outperformed its competitive set on all indexes year over year.
  • Strong RevPAR penetration: The hotel has achieved over 135% RevPAR penetration since 2017, showcasing its superiority in the market.
  • Continual RevPAR growth: RevPAR has increased by 10.5% as of October YTD 2023, indicating the hotel's ability to consistently grow in a stable market.
  • Record-high RevPAR: The property achieved a record-high $117 RevPAR in the T-12 period, highlighting its success in maximizing revenue.
  • Potential for rate growth: New ownership can capture even more rate growth by implementing a Property Improvement Plan, allowing the hotel to command higher pricing.
  • Stable and promising market: The Harrisburg/West Hershey area has a historically stable and promising market, providing a solid foundation for the hotel's future growth.

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