Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the Quality Inn by Choice Hotels located at 903 North Industrial Drive in Summersville West Virginia. The Quality Inn is a select service, interior corridor property, and sits on a 2 acre parcel. It consists of 2 stories and 99 operational rooms throughout 2 buildings. The Quality Inn offers an exercise facility complete with an indoor racquetball court & sauna, seasonal outdoor pool, and spacious meeting rooms among other amenities. This property offers the perfect combination of superior location and superior accommodations.
The subject property based on its strategic location and superior accommodations is a top market performer among its class. The property is currently operating at an occupancy of 38.8%, an ADR of $80.52, and a RevPAR of $31.26 which is penetrating the market at an index of 84.8%. 2017 year end revenues were north of $1,100,000 with an NOI of $271,000.