Quality Inn Summersville

  • Total Revenue
    $1,371,713
  • NOI
    $444,259
  • CAP RATE
    15.87%
  • RRM
    2.04
  • Price Per Key
    $28,283
  • Pricing Guidance
    $2,800,000
  • Room Count
    99
  • Construction Type
    Concrete
  • Property Type
    Select Service

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.

 

Offering Materials

Click Here

Contact Agent

agent

Chase Dewese

Associate - National Hospitality Group

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

(704) 831-4636

chase.dewese@marcusmillichap.com

contact agent

Contact Agent

agent

Joce Messinger

Director, National Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

(843) 952-2255

joce.messinger@marcusmillichap.com

contact agent