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23 S 2nd St
Harrisburg, PA 17101 Downtown Harrisburg

Price Upon Request

Hotel For Sale  •  146,966 SF

Property Details

  • Property Type Hotel
  • Total Building Size 146,966 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 1964
  • Zoning DC
60 Transit Score
90 Walk Score

Highlights

Rare opportunity to acquire a 260-room, full-service Crowne Plaza in an irreplaceable location within the heart of downtown Harrisburg, PA.
The Hotel generated over $5.8M in TTM revenue with a 20.1% NOI margin, offering a clear path to margin expansion under a more hands-on, localized owne
Significant upside potential, with TTM RevPAR penetration at just 75.7% of the competitive set (ranked 3 of 6) and no new supply under construction.
Available unencumbered of brand and priced below replacement cost, giving a new owner maximum flexibility and a compelling basis for a downtown, full-

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Commuter RailDriveWalkDistance
1 min 5 min 0.2 mi
AirportDriveWalkDistance
Harrisburg International 18 min - 11.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Spencer Davidson 212-516-8149 Hunter Hotel Advisors
Spencer Davidson 212-516-8149 Hunter Hotel Advisors