Motel 6 Clarion
113 Rooms (with 40 room expansion)
ASKING PRICE HOTEL $2,400,000
PER ROOM $21,239
The property occupies ±7.4 acres in an active commercial area just off Interstate 80, which carries hundreds of thousands of vehicles daily in the region.
The property is a 113-unit economy hotel with a manager’s apartment. The property has can be expanded by an additional 40 keys(currently closed). The property also has a leased restaurant providing annual $38,400 in rental income plus additional rent for utilities.
The property is a two story, interior corridor hotel franchised as a Motel 6 which can be terminated with liquidated damages of only $50,000.
Clarion is within a one-day truck drive of more than 153 million consumers representing nearly half of the population of the US. Halfway between New York City and Chicago on transcontinental I- 80 (with six interchanges, plus north-south I-79 immediately to the west). Clarion is also home to Clarion University which is a part of the Pennsylvania State System of Higher Education.
Absentee ownership and management. New entrepreneurial, hands-on management can capitalize on many opportunities to improve revenue and profitability.