Residence Inn 96-key In Cranberry Township

$10,000,000 Residence Inn by Marriott in Cranberry Township, PA featuring 96 keys, $1,185,564 NOI, and an 11.86% cap rate. This extended-stay, all-suite asset is positioned along the I-79 Corporate Corridor within the Pittsburgh MSA and offers strong in-place cash flow with value-add upside. Built in 1998 and renovated in 2015, the property encompasses approximately 115,224 square feet and operates at 74.23% occupancy. The extended-stay model supports longer lengths of stay, lower turnover, and stable operating margins. The hotel is currently ranked 5 of 7 within its competitive set and is underperforming the comp set in ADR by approximately $9, primarily due to a brand-required PIP. The required PIP provides a clear path to ADR re-rating and competitive set improvement, creating meaningful upside potential for a new owner. Cranberry Township is recognized as one of the strongest suburban business markets in the Pittsburgh MSA and serves as the northern business gateway to the region. This Marriott-branded extended-stay hotel presents an opportunity to acquire a cash-flowing asset in a strong corporate corridor with operational stability and upside through brand-mandated improvements.