For Sale
$7,500,000

1 Denver RdDenver, PA 17517

110-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

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 Details for 1 Denver Rd

Property type
Hospitality properties, Hotels
Year Built/Renovated
1969/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
282,922 SF

Location Insight

City
Denver
County
Lancaster
State
Pennsylvania
Latitude
40.223076088676
Longitude
-76.098379497923
1 Denver Rd, Denver, Pennsylvania

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1 Denver Rd
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