Berkadia Hotels & Hospitality has been exclusively retained to offer for sale the fee simple interest in the 125-key Courtyard by Marriott Pittsburgh North/Cranberry Woods (the “Hotel,” “Asset,” “Property,” or “Courtyard”). Purpose-built in December 2012 with premium concrete and steel construction, the Courtyard is the third newest hotel in the competitive set (3 of 7) and eight years newer than the competitive set’s baseline (2004). Moreover, the Asset is completing a comprehensive “gut” renovation to all guestrooms and public spaces that is expected to total $4.3 million ($34.4k per key) and be complete by July 2026, significantly limiting the required going-in capital for a new owner. The Marriott-affiliated hotel is being offered fee simple, non-union, unencumbered of management, with a new long-term FLA, and at a highly attractive basis below replacement cost and several recent comparable sales.

The Courtyard represents a rare opportunity for a new owner to acquire a well-positioned limited-service hotel with strong in-place top-line and cash flow despite considerable market capture and NOI upside following the completion of the Hotel’s ongoing renovation. Revenue displacement from renovations began in January 2026.

The Asset is strategically located along Pittsburgh’s I-79 corridor (59,000 vehicles per day) and in the affluent submarket of Cranberry Township ($151k median HHI), which features a diverse mix of retail amenities and corporate, medical, and athletic demand generators. Positioned a 25-minute drive from Downtown Pittsburgh and a 30-minute drive from Pittsburgh International Airport (completed a $1.7 billion expansion in November 2025), the Asset also enjoys proximity to an array of prominent demand drivers, including the UPMC Lemieux Sports Complex (training facility of the NHL’s Pittsburgh Penguins), UPMC Passavant-Cranberry Medical Center ($42 million renovation completed in 2025), Cranberry Mall, numerous corporate/industrial parks, and much more. When paired with no hotels under construction within a 15-mile radius, major organizations such as Westinghouse, Kraft Heinz, and PPG Paints that hold significant operations in the immediate area, and a best-in-class global loyalty program totaling over 271 million global members, the Asset presents a highly attractive investment opportunity in the current economic landscape and is positioned to offer hospitality investors inherent value over any future owner’s investment horizon.