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    1 Denver Rd Denver, PA 17517

    Sponsored
    For Sale
    $7,500,000

    110-Room Hotel, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 110-room Comfort Inn, a multi-year Choice Hotels Gold Award winner, presents a lucrative investment opportunity. Located in Denver, Pennsylvania, at 1 Denver Rd, 17517, this two-story, 1969-built hotel sits on a substantial 6.495-acre lot, with approximately 1.2 acres available for future development. Its prime location off the Pennsylvania Turnpike (I-76) and Route 222 ensures easy access to major Northeast cities, attracting a diverse clientele from manufacturing, distribution, tourism, and sports sectors. Extensively renovated between 2016 and 2019, the property boasts amenities including a complimentary breakfast, fitness center, outdoor pool, picnic pavilion, and approximately 11,928 square feet of banquet and meeting space. The hotel has consistently performed well, including navigating the COVID-19 pandemic successfully, and a recent Choice Hotel PIP report highlights modest, low-cost modernization needs. The property is offered at $7,500,000, well below current replacement cost, and benefits from a strong brand affiliation with Choice Hotels' Comfort Inn brand. The property has been under the same ownership since 1982, offering a unique chance for an owner-operator to leverage its operational efficiencies and significant goodwill to enhance performance and capitalize on growth opportunities within the thriving Lancaster County tourism market, which saw $3.4 billion in tourism impact in 2023. The property is zoned for General Commercial use.

    Property Features for 1 Denver Rd

    General Information

    Property type
    Hotels
    Lot Size
    282,922 SF

    Building Details

    Year Built/Renovated
    1969/2019
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent location off I‑76 (Pennsylvania Turnpike) and Route 222, providing easy access to major Northeast cities.
    • 6.495‑acre site with approximately 1.2 acres available for development.
    • Fee simple ownership since 1982, offering an owner‑operator opportunity to improve performance.
    • Strong operational history, including successful COVID‑19 performance, presenting growth potential.
    • Well‑maintained, extensively renovated (2016‑2019), with a favorable Choice Hotel PIP report indicating low‑cost modernization needs.
    • Consistent Choice Hotels Gold Award winner (2018, 2020, 2021, 2023, 2024), reflecting top‑tier performance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Spa & Massage Building Supply Kitchen & Bath Auto Repair Shop Wholesale Shop Department Store Bar & Pub HVAC Service Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.098379497923
    Latitude
    40.223076088676

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    FAQs

    What type of property is this?
    Hotel - 110-Room Hotel, Prime Location
    Where is this hotel located?
    The property is located at 1 Denver Rd Denver, PA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: Excellent location off I-76 (Pennsylvania Turnpike) and Route 222, providing easy access to major Northeast cities.; 6.495-acre site with approximately 1.2 acres available for development.; Fee simple ownership since 1982, offering an owner-operator opportunity to improve performance.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Denver Rd Denver, PA 17517
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