Comfort/Quality Inn Dual Branded Charleston

  • Pricing Guidance
    $7,950,000
  • Room Count
    139
  • Approximate Revenue (Year 1)
    $2.17MM
  • Year Converted
    2021
  • Property Type
    Select Service
  • Acreage
    2.73

Marcus & Millichap is pleased to offer the opportunity to acquire the recently converted, dual-branded Comfort and Quality Innlocated in Charleston, West Virginia.  Both properties are situated on a 2.7-acre parcel and have been completely renovated and repositioned in 2021. The Comfort Inn is a 70-key, 3-story interior corridor building which opened in October of 2021. TheQuality Inn has already reopened operates as a 69-key, 2-story building. The hotels offer superior amenities that include a seasonal  outdoor pool, business center, complimentary Wi-Fi and fitness center while offering separate continental breakfasts.All guest rooms include new case  goods, carpet, and wall coverings. First year revenue projections exceed $2MM with an estimated NOI of $850k.

The investment opportunity is located directly off Interstate 64 in the southeastern corridor of Charleston, WV. Charleston issituated in Kanawha County and is home to  the state capitol, making it the most populous city in the state and the central hub ofgovernment and commerce for the state of West Virginia. Major attractions within a  short distance of the property include theYeager Airport, Mardi Gras Casino & Resort, Clay Center for the Arts & Sciences, The University of Charleston, Appalachian Power Park, CAMC General Hospital, and the Charleston Civic Center which is currently going through a $3.4 million renovation.

The University of Charleston (UC) is a private university that enrolls over 2,000 students with its main campus in Charleston, WestVirginia. There are over twenty  undergraduate major programs at UC, including Interior Design and Radiologic Science. Besidesthese two programs, other top majors at UC include English, Sports  Administration, Education, Communications, Accounting,Nursing, and Athletic Training. Yeager Airport is a public airport three miles east of downtown Charleston, in  Kanawha County,West Virginia, United States. The airport serves over 419,000 passengers annually and is located less than eight miles from thesubject property. The  Charleston Town Center is an enclosed shopping mall in downtown Charleston, West Virginia. One of thelargest enclosed malls in the United States to be in a downtown  shopping district, it has comprised more than 130 tenants on twolevels at its peak, in addition to food court on a partial third level. Popular full-service restaurants  include Chili’s Bar & Grill, theChop House, Outback Steakhouse and Tidewater Grill. The only remaining anchor store is JCPenney. The mall is owned by U.S.Bancorp.

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Contact Agent

agent

Chase Dewese

Senior Associate - Hospitality Division

201 S. Tryon St.
Suite 1220
Charlotte, NC 28202

704-831-4636

chase.dewese@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Milin Mehta

    Associate - Hospitality Division

    201 S. Tryon St.
    Suite 1220
    Charlotte, NC 28202

    (336) 587-3465

    milin.mehta@marcusmillichap.com

    contact agent

      Contact Agent

      agent

      Joce Messinger

      First Vice President - Hospitality Division

      151 Meeting Street
      Suite 450
      Charleston, SC 29401

      843-952-2255

      joce.messinger@marcusmillichap.com

      contact agent