Marcus & Millichap is pleased to offer the opportunity to acquire fee-simple interest in the Ramada by Wyndham conveniently located in the capitol city of Charleston, West Virginia. The Ramada is a 10-story, 136-key, interior corridor hotel which has undergone minor renovations in the past twelve months. The subject property is situated on approximately 1.2 acres and was recently repositioned as a Ramada in January of 2020 prior to the COVID-19 pandemic shutdown. The well-equipped guest rooms come with mini-fridges, microwaves, flat-screen TVs, complimentary Wi-Fi and coffeemakers. The hotel offers amenities that include a 3,000 square feet meeting room, outdoor pool, complimentary breakfast, and fitness room. The distressed property is being sold via an online auction through Ten-X. Charleston is situated in Kanawha County and is home to the state capitol making it the most populous city in the state and the central hub of government and commerce for the state of West Virginia. Major attractions within a short distance of the property include the Yeager 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.
Ramada is a large American multinational hotel chain owned by Wyndham Hotels and Resorts. As of December 31, 2018, it operates 811 hotels with 114,614 rooms across 63 countries under the Ramada brand. Wyndham Hotels and Resorts is an international hotel and resort chain based in the United States. It has locations in China, Canada, Mexico, Colombia, Panama, Ecuador, Turkey, Germany, the UK, the Caribbean, the UAE, Indonesia, India, Saudi Arabia and Margarita Island in Venezuela.