123-Room Econo Lodge Inn & Suites in Chambersburg, PA

This listing details a 123-room Econo Lodge Inn & Suites located in Chambersburg, Pennsylvania, situated conveniently near Exit 14 of I-81. The property comprises 123 guest rooms, a sizable +/- 3,400 square foot banquet hall, a smaller meeting room, and on-site manager's apartment. Ample parking is available with approximately 198 spaces. Guest accommodations offer a variety of room types, including king and queen beds, with select rooms featuring jacuzzi suites and ADA accessibility. Significant property upgrades are planned, including the installation of new roofs on all three buildings by November 1, 2023. The property also includes a pool and a former restaurant space, both of which are noted as requiring capital improvements to become operational. Its location benefits from high visibility and traffic along I-81, which sees an estimated 57,519 vehicles daily, and is surrounded by numerous commercial neighbors. The asking price for this hospitality business is $6,200,000. Key financial metrics such as Cash Flow and Sales are not disclosed in this listing.