16 Marsanna Ln, Jonestown, PA 17038-8203
- Hotels
- 26,057 SF
- 3.93 lot acres
Current Use by Public Records
- Hotels
Property Details for 16 Marsanna Ln
- Year built
- 1980
- Lot size
- 3.93 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 33-2310622-408725-0000
- APU
- 3323106224087250000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 23, 2020 | $4,000,000 | V Tree Hospitality LLC | Star Hotel LLC | Grant Deed | $2.9M · Jonestown Bk&tr |
| Oct 5, 2016 | — | Star Hotel LLC | — | Deed · related | $2.1M · Savoy Bk |
| Sep 1, 2016 | $2,325,000 | Star Hotel LLC | Techhope LLC | Deed | $2M · Savoy Bank |
| Feb 27, 2013 | $500,000 | Techhope LLC | Omega LLC | Deed In Lieu Of Foreclosure · related | — |
| Sep 12, 2011 | $39,485 | Omega LLC | Sheriff Of Lebanon County | Trustees Deed · related | — |
| — | — | Techhope LLC | — | Deed Of Trust · related | $1.6M · Standard Insurance Co |
| — | — | Omega LLC | — | Deed Of Trust · related | $1M · Techhope LLC |
| — | — | Ram Krupa INC | — | Deed Of Trust · related | $500k · Pankaj M & Mita P Patel |
| — | — | Star Hotel LLC | — | Loan Modification · related | $2.1M · Savoy Bk |
Description
This exceptional 52-key SureStay Plus by Best Western hotel presents a lucrative investment opportunity in Jonestown, Pennsylvania. Boasting 26,057 square feet across three floors, this 1980-built property underwent renovations in 2019. The hotel features an outdoor pool, fitness center, lobby workstation, and breakfast area, catering to a diverse clientele. A three-bedroom staff house on-site offers potential cost savings for the new owner. Its strategic location off Interstate 81 ensures high visibility and accessibility, benefiting from proximity to major demand generators. These include Fort Indiantown Gap, Hersheypark, and Hollywood Casino at Penn National Racecourse. The property's location offers easy access to Interstates 78 and 76, placing it within driving distance of major metropolitan areas like Philadelphia, Baltimore, Washington D.C., and New York City. The asking price is $4,400,000, translating to $168.86 per square foot. The 3.93-acre lot is zoned R-2. This fee-simple, non-union, and unencumbered property presents significant upside potential for revenue per available room (RevPAR) growth and strong cash flow generation. The property is less than 13 miles from Hersheypark and 2.5 miles from Fort Indiantown Gap, ensuring consistent occupancy. Harrisburg International Airport, offering flights to 17 cities, is conveniently located 21 miles away. This presents a rare opportunity to acquire a well-maintained, strategically positioned hotel with significant growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,310,000
- ML approach
- $4,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jonestown
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.5204
- Latitude
- 40.4489
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA
