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220 Waterworks Road, Somerset, PA, 15501

Red Roof Inn

Starting Bid: $500,000

Key Information

Tot. SF
43,010
Lot Size
2.17 Acres
Units
94
Year Built
1990 / 2024 (R)
Type
Hospitality

Highlights

Auction Dates: September 22nd – 24th

  • Located directly adjacent to the I-76 Pennsylvania Turnpike gate with immediate on/off access and exposure to approximately 32,000 vehicles per day, driving consistent transient and drive-through demand.
  • Renovated in 2024, the property offers an upgraded physical condition with limited near-term capital requirements and has achieved 4.4-star Google reviews post-renovation, reflecting improved guest satisfaction and early market acceptance.
    Red Roof Inn’s value-oriented positioning historically performs well during economic slowdowns as travelers trade down, supporting durable demand in price-sensitive markets.
  • Demand is supported by Pennsylvania Turnpike traffic, UPMC-affiliated healthcare activity, regional employers, outdoor recreation, ski resorts, state parks, and visitation to the Flight 93 National Memorial.
  • Priced below fully stabilized comparable properties, the offering reflects a pro forma operating profile with limited historical performance, creating upside as ADR and occupancy stabilize toward market averages under improved operational execution.
  • Pro forma underwriting indicates strong cash-flow potential at double-digit cap rates, supported by a straightforward exterior-corridor layout and limited amenities that favor hands-on operators seeking durable yield.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203