Motel 6 Huntington

  • Room Count
    40
  • Year Built/Renovated
    1960
  • Acreage
    1.5
  • Purchase Price
    $1,550,000
  • Assessors Parcel Number
    04 4N00010000
  • Price Per Key
    $38,750

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.

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Contact Agent

agent

Joe Simpson

Associate - JMW Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

843.952.2263

Joe.Simpson@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Jack Davis

    Vice President, Hotel Division

    151 Meeting Street
    Suite 450
    Charleston, SC 29401

    8439522253

    Jack.Davis@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