REAL ESTATE AUCTION
Online Only
Quality Inn & Suites and EconoLodge — Erie, PA Hotel Portfolio
2 Hospitality Properties on 14 AC.
8040 Perry Hwy, Erie, PA 16509 — Erie County Parcel #40012066000701 — 14.58 Acres
Property Information
Two branded hotels and an on-site restaurant, bar and banquet hall, sold together as a single asset on one 14.58-acre parcel at the I-90 / Route 97 interchange in Erie, Pennsylvania — directly across from Presque Isle Downs & Casino. 202 combined guest rooms across a 110-room Quality Inn & Suites and a 92-room EconoLodge (formerly Super 8), plus significant excess land for future development.
Please do not visit or contact hotel staff, management, or ownership directly. Direct all inquiries through Transition Auction Group.
Full due diligence materials, including financials, are available to qualified buyers upon execution of a confidentiality agreement — [LINK TO COME].
Property Highlights
- 202 combined guest rooms – a 110-room Quality Inn & Suites and a 92-room EconoLodge (formerly Super 8), sold together as one asset
- One 14.58-acre parcel – both hotel buildings and the restaurant sit on a single Erie County parcel, #40012066000701
- Quality Inn & Suites: 110 rooms, 66,112 SF – renovated 2023; room mix of 44 King, 9 Queen/Queen, 45 Double/Double, 10 Suites, 2 ADA-accessible
- EconoLodge (former Super 8): 92 rooms, 12,000 SF – renovations completed 2022–2023 across guest rooms, public areas, and exterior; room mix of 43 King, 5 Queen/Queen, 41 Double/Double, 1 ADA-accessible
- On-site restaurant, bar & grill, and banquet hall – hosts private events for groups up to 200, an established revenue stream beyond room income
- Outdoor pool, fitness room, meeting space and boardroom – full-service amenity package at the Quality Inn
- Fee simple ownership – both buildings
- Zoned C-Hotels / AR – versatile hospitality and commercial use across the parcel
- Excess land included for future development – room for additional units, a waterpark, extended-stay, or self-storage build-out
- Directly across from Presque Isle Downs & Casino – one of the region's highest-traffic destinations, at the I-90 / Route 97 interchange
- New owner eligible for a new franchise agreement within 2 years of purchase (Quality Inn); 7 years remaining on the EconoLodge's current franchise term
- Defined sale date, competitive bidding, minimal negotiations – sold via online reserve auction
Location
- I-90 / Route 97 interchange – direct highway visibility and access in Erie, PA
- Directly across from Presque Isle Downs & Casino – a major regional traffic driver
- Minutes from Presque Isle State Park – Lake Erie's premier waterfront destination, beaches, boating, and trails
- Close to downtown Erie – Erie Art Museum, Warner Theatre, and the city's cultural corridor
- Near Gannon University and Mercyhurst University – steady institutional and event-related demand
- Home to the Erie SeaWolves (Double-A baseball) and Erie Otters (junior hockey) – additional local demand generators
Flag and Franchise
- Quality Inn & Suites operates under an active Choice Hotels franchise; new owner eligible for a new franchise agreement within 2 years of purchase
- EconoLodge operates under its current franchise with approximately 7 years remaining; new owner eligible for a new franchise agreement
- Buyer may also evaluate independent or alternative-flag conversion given the site's location and excess land
Terms of Sale
- Starting Bid: $2,000,000
- Bidding Begins:October 5th @ 4:00 PM EST
- Auction Ends: October 22 @ 4:00 PM EST
- Buyer's Premium: 5%
- Broker Co-Op: 1%
- Closing: 45 days]
- Sold "as-is, where-is," subject to the published Terms and Conditions of Sale
- All information believed reliable but not guaranteed; bidders should conduct their own independent due diligence
- Please do not contact hotel staff, management, or ownership directly — direct all inquiries through Transition Auction Group
ONLINE AUCTION ONLY
Terms and Conditions
A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement within 2 hrs after close of auction as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% of final Purchase Price by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder
or re-listing the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
H) Closing to occur on or before " TBD "
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 5% (Five) Buyer’s Premium added to your final bid to determine
the final purchase price.
By registering for this auction you are accepting
all Terms and Conditions!
The bidding will open at 4:00 PM Oct 5th, 2026 and begin to close at 4:00 PM on Oct 22nd, 2026 with a two minute auto extend. This means that if a bid is placed within the last two minutes, the bidding will be extended for an additional two minutes.
What are you waiting for? You truly must see this property in person to fully appreciate it. Register to bid and check out all the documents and photos that we have available for your due diligence. Great investment opportunity!
For Property Information and Tours:
Niraj Parikh | Real of Pennsylvania
848-565-5006 | parikhrealty@gmail.com
For Auction Information:
Adrian Walters, CAI Auctioneer | TRANSITION AUCTION GROUP, LLC
614-348-8377 | adrian@transitionauctiongroup.com
Pennsylvania Auctioneer License #AU006504
Acknowledgment of Terms and Conditions
If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
Successful Bidder will be required to enter into the purchase agreement within two hours of auction closing as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
The real estate sells in "AS IS" condition. The Seller is not making any repairs or making any concessions.
The sale is not contingent upon a satisfactory inspection.
The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
Closing to occur on or before 12/6/26.
Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
There is a 5 % (Five Percent) Buyer’s Premium added to your final bid to determine the final purchase price.
