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1006 Sutherland Dr Pittsburgh, PA 15205

For Sale
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93-room hotel near Pittsburgh Airport with value-add potential.

Source: Brent Clemens Agent Brent Clemens

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

TownePlace Suites Pittsburgh Airport

The offering features the fee simple interest in the 93-room TownePlace Suites Pittsburgh Airport/Robinson Township. Constructed in 2016, this institutionally owned asset exhibits strong in-place fundamentals, with trailing twelve month occupancy exceeding 70%. The property is offered unencumbered by debt and management, presenting a discount to replacement cost. There is strong value-add potential through improved performance post-transition from passive institutional ownership and third-party management. The hotel is surrounded by active submarket growth, including the newly delivered 336-unit Prism at Diamond Ridge and the $130 million Diamond Ridge office campus featuring 500,000 square feet of Class A workspace. Proximate to major regional demand drivers, including Pittsburgh International Airport, Downtown Pittsburgh, and the approximately 1.5 million-square-foot David L. Lawrence Convention Center. Pittsburgh International Airport (PIT) handled nearly 10 million passengers in 2024, reflecting an 8% year-over-year increase.
Insight Report Location Intelligence

Current Use by Public Records

TownePlace Suites Pittsburgh ... Hotel

Suggested Use

Realty agency Law Firm Restaurant Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Auto Parts Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pittsburgh
County
Allegheny
State
Pennsylvania
Longitude
-80.1721667
Latitude
40.4552547

FAQs

What type of property is this?
Hotel - 93-room hotel near Pittsburgh Airport with value-add potential.
Where is this hotel located?
The property is located at 1006 Sutherland Dr Pittsburgh, PA.
What are key features of this property?
This property features: - Significant discount to replacement cost.; - Strong value-add potential through improved performance. Benefit from transition from passive institutional ownership and third-party management.; - Unencumbered by debt and management.
More about this property
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