Park Inn by Radisson Grove City | 1924 Leesburg Grove City Rd
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Park Inn by Radisson Grove City 1924 Leesburg Grove City Rd
60 Room Hotel Grove City, PA 16127 £1,992,175 (£33,203/Room)
Investment Highlights
- Turnkey Investment: Two-story interior corridor hotel, built in 1997 and fully renovated in 2024, with strong ADR performance and fully PIP-compliant.
- Growth Potential: Operated by an absentee owner with a low Market Penetration Index (RGI) of 47.8, offering significant upside under active managemen
- Exceptional Value: Listed at $2.5MM, well below the appraised value of $3.1MM, with a TTM Revenue of $786,829 and a revenue multiplier of 3.17x.
Executive Summary
The Park Inn by Radisson located in Grove City, Pennsylvania, is a two-story, 60 room hotel that was built in 1997 and underwent a renovation in 2019 & 2024. Situated on 2.51 acres near Interstate 79, this well-positioned property provides easy access to local attractions and amenities. Noteworthy nearby demand generators include the Grove City Premium Outlets, Keystone Safari, Grove City College. This property was recently converted from a Best Western and features many amenities including an Indoor Pool, Business Center, and Complimentary Breakfast, offering a modern, comfortable experience for travelers and ensuring a competitive edge in the market.
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Property Facts
Price | £1,992,175 | Building Size | 31,918 SF |
Price Per Room | £33,203 | No. Rooms | 60 |
Sale Type | Investment | Number of Floors | 2 |
Property Type | Hospitality | Year Built/Renovated | 1997/2024 |
Property Subtype | Hotel | Parking Ratio | 1.94/1,000 SF |
Building Class | B | Corridor | Interior |
Lot Size | 2.51 AC |
Price | £1,992,175 |
Price Per Room | £33,203 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 2.51 AC |
Building Size | 31,918 SF |
No. Rooms | 60 |
Number of Floors | 2 |
Year Built/Renovated | 1997/2024 |
Parking Ratio | 1.94/1,000 SF |
Corridor | Interior |
Amenities
- Balcony
- Business Centre
- Pool
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 60 | £70.12 | - |
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PROPERTY TAXES
Parcel Number | 29-613695 | Improvements Assessment | £312,811 |
Land Assessment | £27,492 | Total Assessment | £340,303 |
PROPERTY TAXES
Parcel Number
29-613695
Land Assessment
£27,492
Improvements Assessment
£312,811
Total Assessment
£340,303
zoning
Zoning Code | C |
C |
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Park Inn by Radisson Grove City | 1924 Leesburg Grove City Rd
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