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This Hospitality Property is no longer advertised on LoopNet.com.

2 Convention Center Dr
Altoona, PA 16602
 Courtyard Marriott by Convention Center · Hospitality Property For Sale · 99,520 SF

Hotels Pennsylvania Altoona 2 Convention Center Dr, Altoona, PA 16602

INVESTMENT HIGHLIGHTS

  • The Courtyard by Marriott Altoona is a 105-room leasehold property ideally located adjacent to the Blair County Convention Center and I-99.
  • Connectivity to the Blair County Convention Center enhances its appeal for both business and leisure travelers.
  • The Courtyard has favorable ground-lease terms, including extension options up to 2075 and low and lessee-friendly annual payments.
  • In the February 2024 trailing-twelve-month period, the Courtyard’s RevPAR is almost 7% higher than year-end 2019.
  • Comprehensive property improvement plan could be pursued to enhance guest experiences and capture lost occupancy and rate in its competitive set.
  • Altoona is between Pittsburgh and Philadelphia, positioned to tap into diverse demand sources, including corporate travelers, tourists, and more.

PROPERTY FACTS

Sale Condition Auction Sale No. Stories 4
Type of Ownership Fee Simple Year Built/Renovated 2001/2008
Property Type Hospitality Tenancy Single
Property Subtype Hotel Parking Ratio 1.29/1,000 SF
Building Class B Corridor Interior
Lot Size 2.00 AC Parcel Number 02.00-14..-001.02-122
Building Size 99,520 SF
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.00 AC
Building Size 99,520 SF
No. Stories 4
Year Built/Renovated 2001/2008
Tenancy Single
Parking Ratio 1.29/1,000 SF
Corridor Interior
Parcel Number 02.00-14..-001.02-122

AMENITIES

  • Balcony
  • Business Center
  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
 

  • Listing ID: 31333287

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 2 Convention Center Dr, Altoona, PA 16602

The Hospitality Property at 2 Convention Center Dr, Altoona, PA 16602 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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