0 Essington AvePhiladelphia, PA 19153

Property Details for 0 Essington Ave

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 125-room hotel in Philadelphia, Pennsylvania, presents a lucrative investment opportunity. Located on Essington Avenue, in the 19153 zip code, this well-maintained property boasts a thriving restaurant operating under a lease agreement. The hotel features an interior corridor design and has recently undergone renovations, resulting in a beautiful and updated aesthetic. Its prime location ensures consistent occupancy and strong revenue generation. The property's assessed value exceeds $11 million, with a current asking price of $13.2 million. Financial performance demonstrates a strong 3x revenue multiple, based on a $8.5 million valuation. This represents a compelling return on investment for qualified buyers. The seller prefers cash buyers and requires a Non-Circumvention, Non-Disclosure Agreement (NCND), Proof of Funds (POF), and a Letter of Intent (LOI) before disclosing further details. The property is conveniently located near Philadelphia International Airport, contributing to its high occupancy rates and strong market position. This is a rare opportunity to acquire a well-established, high-performing hotel in a desirable location.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9053

Longitude

-75.224

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].