107-Room Extended-Stay
For Sale
Contact for pricing
Pending
450 Friendship Rd, Harrisburg, PA 17111
A 2008-built lodging asset with 2015 renovations near I-83 and I-283.
Property SizeContact for details
Days on Market141
Property Features for 450 Friendship Rd
General Information
Standard status
Pending
Property subtype
Hospitality
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Year Renovated
2015
Listing Agency:
JLL - New York City, New York
(202) 719-5000
Listed By:
Vasilis Halakos · License #RS370416
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
TownePlace Suites Harrisburg Hershey is a 107-room extended-stay hotel built in 2008 and renovated in 2015. The property offers a premium-branded lodging platform and is being offered as a fee simple interest, unencumbered by management. Current ownership acquired the hotel in 2018.
The hotel is located at 450 Friendship Rd in Harrisburg, Pennsylvania, near the intersection of I-83 and I-283. The surrounding three-mile area contains almost 10 million square feet of industrial space, while the Pennsylvania State Capitol Complex and UPMC Harrisburg are within five miles. The extended-stay format is positioned to serve government, healthcare, and logistics demand in the Harrisburg-Hershey corridor.
The Harrisburg-Hershey submarket and the hotel’s competitive set have recorded four consecutive years of RevPAR growth. The property’s reported RevPAR index is 83%, providing a specific operating benchmark for evaluation.
The hotel is located at 450 Friendship Rd in Harrisburg, Pennsylvania, near the intersection of I-83 and I-283. The surrounding three-mile area contains almost 10 million square feet of industrial space, while the Pennsylvania State Capitol Complex and UPMC Harrisburg are within five miles. The extended-stay format is positioned to serve government, healthcare, and logistics demand in the Harrisburg-Hershey corridor.
The Harrisburg-Hershey submarket and the hotel’s competitive set have recorded four consecutive years of RevPAR growth. The property’s reported RevPAR index is 83%, providing a specific operating benchmark for evaluation.
Key Highlights
- 107‑room TownePlace Suites extended‑stay hotel
- Built in 2008 and renovated in 2015
- Near the I‑83 and I‑283 intersection
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 17111, PA
36,557
Population
14,880
Households
2.5
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
18.4 sq mi
ZIP Area
1,987
Density / Sq Mi
$84,314
Median Household Income
$47,256
Median Earnings
$1,309
Median Rent
$225,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - A 2008-built lodging asset with 2015 renovations near I-83 and I-283.
Where is this hotel located?
The property is located at 450 Friendship Rd Harrisburg, PA.
What are key features of this property?
This property features: 107‑room TownePlace Suites extended‑stay hotel; Built in 2008 and renovated in 2015; Near the I‑83 and I‑283 intersection
