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Central Downtown Inn & Suites 20 W Housatonic St

26 Room Hotel Pittsfield, MA 01201 $2,925,000 ($112,500/Room)

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Investment Highlights

26 Units: King, Queens and Double Suites; full kitchens in all Suites
Condo-like apartments, ideal for a week, month or a year!
High occupancy & solid rates; strong sales & marketing potential

Close to Tanglewood, Stockbridge, Lenox and Lee in the Berkshires!
Excellent customer mix: business, leisure, transient and senior
Great opportunity for first time buyer or to add to hotel portfolio

Executive Summary

Muroff Hospitality Group presents The Central Downtown Inn & Suites, located in the heart of Pittsfield, Massachusetts, in the beautiful Berkshires. Nestled in a region known for its vibrant arts, stunning natural beauty, and year-round cultural attractions, this property is positioned in a Federal Opportunity Zone, offering significant tax advantages. Originally built for residential use, it has the potential for conversion. Easily managed with minimal staff and high occupancy, it can be run remotely or by an owner-operator. This is an ideal opportunity to enter the extended stay market in a bustling cultural hub of the Berkshires. The Berkshires has so much to offer, and the Central Downtown is a great spot unwind after enjoying all the cultural and activities in Lenox, Stockbridge, Tanglewood, & Lee.

OM Central Downtown

NDA Central Downtown Inn & Suites

Property Facts

Price	$2,925,000	Building Size	13,000 SF
Price Per Room	$112,500	No. Rooms	26
Sale Type	Investment	No. Stories	2
Sale Conditions	Business Value Included	Year Built/Renovated	1986/2023
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	1.62/1,000 SF
Building Class	C	Corridor	Interior
Lot Size	1.85 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,925,000
Price Per Room	$112,500
Sale Type	Investment
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.85 AC
Building Size	13,000 SF
No. Rooms	26
No. Stories	2
Year Built/Renovated	1986/2023
Tenancy	Single
Parking Ratio	1.62/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

High Speed Internet Access
Patio
Boutique/Lifestyle Hotel

Public Access Wifi
Smoke-Free

Fully-Equipped Kitchen
Multi-Room Suites

Digital key
Fiber Optic Internet

About 20 W Housatonic St , Pittsfield, MA 01201

Unique opportunity to own The Central Downtown Inn & Suites, a charming extended stay property in the heart of Pittsfield, MA, nestled in the beautiful Berkshires. Positioned in the cultural and commercial hub of the Berkshires, it’s perfect for those seeking a welcoming and convenient retreat while exploring all that this vibrant region has to offer. The Central Downtown is a newly renovated hotel that excels at providing lovely accommodations. This all -suites property offers all the comforts of home plus the convenience of housekeeping, laundry facilities and Wi-Fi. Guests have room to spread out, get work done and relax. Each newly renovated efficiency suite includes a living room, kitchen, bedroom, full bathroom, and deck.