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Mechanicsburg hotel sells for $10.2 million
A 90-room Holiday Inn Express & Suites Harrisburg S in Mechanicsburg sold for $10.2 million to Mechanicsburg HIX LLC.
Commercial real estate firm Marcus & Millichap announced on Thursday that it sold the property on behalf of the seller, Dauphin County-based Hanuman Two Lodging LLC. The hotel is located at 5011 Louise Dr. In Mechanicsburg.
Jerry Swon, Daniel Zagoria and Luke Prybylski, investment specialists in Marcus & Millichap’s Manhattan office, listed the property.
“Hospitality transactions require a specialized skill set and the pandemic has brought forth many more challenges to getting deals done. While we continue to navigate through these uncertain times, we are pleased to have successfully completed this, our team’s ninth hotel transaction of 2021, to the satisfaction of both buyer and seller,” said Swon. “As we move into 2022, we have a strong pipeline of hotels under contract and interest in deals that we are actively marketing. I look forward to the continued rebound of the sector.”
