Hotel Development For Sale
Location Pennsylvania,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1939
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Joint venture arrangement possible.
Description This three-story, art deco, 102,000 square foot property is situated on a 4.5-acre hilltop site overlooking the city of Mahanoy and is within one mile of Interstate 81. The property is easily converted to a hotel, senior living facility, boarding school, corporate retreat or other such uses. There is a large space that can be used for a health club, theater, restaurant or other uses. The building has three phase electric, over-sized windows and a white silicon based environmentally friendly green roof that keeps the building cool in the summer, warm in the winter. All former asbestos has been successfully removed. Many recent renovations include new paint and windows, rebuilt roof ducts and silver coated roof, new pipes installed, halls gutted and remodeled, extensive alarm system added throughout the property, etc. This opportunity is available to acquire for $2,100,000 or joint venture with the owner for development. Contact for more information on this hotel development for sale.
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