Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 40-unit, Motel 6 Huntington located in West Virginia. This well-appointed hotel was constructed in 1960 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms provide complimentary Wi-Fi and TVs, plus minifridges, microwaves, whirlpool tubs, hair dryers, ironing boards and coffeemakers. Other amenities include free coffee, vending machines, coin-operated laundry and parking. The property has faired well during the COVID-19 pandemic and is currently operating with an occupancy rate of 51.1% an ADR of $62.39 and a RevPAR of $31.89 per the December 2020 STR report. During the same period the competitive set for this hotel achieved 39.8% occupancy with a $62.26 ADR, generating a $24.81 RevPAR.
Separated from the Guyandotte River by a strip of forest, this roadside motel along Highway 60 is less than a mile from Interstate 64, 4 miles from Marshall University in downtown, and 8 miles from the conservatory at Huntington Museum of Art. Huntington is the second-largest city in West Virginia, with a population of nearly 49,138. The largest employers are Marshall University, Cabell Huntington Hospital, St. Mary’s Medical Center, CSX Transportation, the U.S. Army Corps of Engineers, Amazon, DirecTV, and the City of Huntington. The Port of Huntington Tri-State is the largest river port in the United States. Surrounded by extensive natural resources, the industrial sector is based in coal, oil, chemicals and steel, all of which support Huntington’s diversified economy. The city is a vital rail-to-river transfer point for the marine transportation industry.