Quality Inn • $1.9M+ room revenue • High-growth area with multiple demand generators

Ohio, United States

$6650000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Chain / Market Scale: Midscale
Brand: Quality Inn
Corridor: Interior
No. of Keys: 100

OVERVIEW
• Profitable, interior corridor property along US-35 on the border of Ohio and West Virginia.
• Onsite restaurant and meeting space for 170 guests, plus proximity to Cliffside Golf Club, Raccoon Creek Country Park, and Point Pleasant River Museum ideally position the property for weddings and events.
• Upside opportunity for owner-operator: property is currently fully-staffed and run by a third-party management company.

MARKET HIGHLIGHTS
• Proximity to multiple demand generators, including Gallipolis-Meigs Regional Airport, University of Rio Grande, Marshall University Mid-Ohio, American Electric Power, and Pleasant Valley Hospital.
• The Gallipolis region has announced multiple upcoming development initiatives, including Nucor’s $3.1B steel mill in Apple Grove, WV and Precision Castpart Corp’s $500M investment in Ravenswood, WV. Nucor’s development will support more than 800 full-time employees and Precision Castparts’ development will support up to 1,000 employees once complete.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Chain / Market Scale: Midscale
Brand: Quality Inn
Corridor: Interior
Keys: 100
Building Status: Existing
No. of buildings: 1
Stories: 2
Parking Type: Surface
Parking Spaces: 160
Construction Type: Reinforced Concrete
Year Build: 1972
Room Inventory Description:

Address: 577 State Route 7 North, Gallipolis, OH 45631
Room Count: 100 units
Year Built: 1972
Buildings: 1 Building, 2 Stories
Corridors: Interior
Amenities: Meeting space for up to 170 guests, fitness center, onsite restaurant
Parcel Size: 3.809 acres
Construction: Concrete
HVAC: Individual PTAC units
Parcel: #00200100900

Common area amenities:

Other

Restaurant

Source of Business:

Other

Transient

Corporate

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

3rd Party Website



Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


Lauren D'Souza-Faze

Vice President, Hotel Sales
Laurel Real Estate Company


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