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Hotel-Motel

Quality Inn Harlan

2808 US-421, Harlan, KY 40831

Listing Price: $4,800,000

Cap Rate
9.79%
Number of Rooms
61
RevPAR
$69
Price/Room
$78,689
RRM
3.26
Year Built
1993

Investment Overview

Marcus & Millichap is pleased to present the leasehold interest in the 61-room Quality Inn, located at 2608 South Highway 421 in Harlan, Kentucky. Ideally situated along U.S. Highway 421, the Hotel offers convenient access to key demand drivers including Harlan ARH Hospital, Southeast Kentucky Community & Technical College, Black Mountain Off-Road Adventure Area, and Downtown Harlan’s growing commercial and cultural district.

The Quality Inn is positioned on a ±1.5-acre parcel and benefits from strong regional connectivity, paired with recent local investments in infrastructure, downtown revitalization, and outdoor tourism. The Hotel features a comprehensive amenity package including complimentary hot breakfast, high-speed Wi-Fi, business center, indoor corridors, and ample on-site parking.

Harlan, located in southeastern Kentucky’s Appalachian region, is a historic coal community now undergoing a thoughtful resurgence centered around tourism, education, and healthcare. With ongoing redevelopment projects, including a planned boutique hotel downtown and infrastructure upgrades along U.S. Highway 421, the market is well-positioned for future growth. The Quality Inn offers stable, year-round demand from healthcare and business travelers, as well as increasing leisure visitation tied to the area’s natural attractions and cultural events.

Investment Highlights

  • Leasehold interest in the 61-unit Quality Inn located in Harlan, Kentucky a historic Appalachian surrounded by scenic mountain landscapes
  • Harlan County and the Tri-Cities area is experiencing significant development to revitalize its downtown, improve infrastructure, increase work opportunities, and promote tourism
  • Strategically located along U.S. Highway 421, a major north/south corridor connecting the state to the Virginia border
  • Harlan County Business Park, just thirty minutes away, received $1.5M in funding to bring natural gas service to the park which previously served as a coal mine
  • Approximately 4 miles to Harlan ARH Hospital, a 150-bed hospital serving as one of the county's largest employers and offering comprehensive medical services including emergency care, cardiology, and women's health
  • Various infrastructure investment projects to nearby parks as well as U.S. Highway 421 to increase regional tourism

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Hotel-Motel

Quality Inn Harlan

Listing Price: $4,800,000

Cap Rate
9.79%
Number of Rooms
61
RevPAR
$69
Price/Room
$78,689
RRM
3.26
Year Built
1993

Investment Highlights

  • Leasehold interest in the 61-unit Quality Inn located in Harlan, Kentucky a historic Appalachian surrounded by scenic mountain landscapes
  • Harlan County and the Tri-Cities area is experiencing significant development to revitalize its downtown, improve infrastructure, increase work opportunities, and promote tourism
  • Strategically located along U.S. Highway 421, a major north/south corridor connecting the state to the Virginia border
  • Harlan County Business Park, just thirty minutes away, received $1.5M in funding to bring natural gas service to the park which previously served as a coal mine
  • Approximately 4 miles to Harlan ARH Hospital, a 150-bed hospital serving as one of the county's largest employers and offering comprehensive medical services including emergency care, cardiology, and women's health
  • Various infrastructure investment projects to nearby parks as well as U.S. Highway 421 to increase regional tourism

Investment Overview

Marcus & Millichap is pleased to present the leasehold interest in the 61-room Quality Inn, located at 2608 South Highway 421 in Harlan, Kentucky. Ideally situated along U.S. Highway 421, the Hotel offers convenient access to key demand drivers including Harlan ARH Hospital, Southeast Kentucky Community & Technical College, Black Mountain Off-Road Adventure Area, and Downtown Harlan’s growing commercial and cultural district. The Quality Inn is positioned on a ±1.5-acre parcel and benefits from strong regional connectivity, paired with recent local investments in infrastructure, downtown revitalization, and outdoor tourism. The Hotel features a comprehensive amenity package including complimentary hot breakfast, high-speed Wi-Fi, business center, indoor corridors, and ample on-site parking. Harlan, located in southeastern Kentucky’s Appalachian region, is a historic coal community now undergoing a thoughtful resurgence centered around tourism, education, and healthcare. With ongoing redevelopment projects, including a planned boutique hotel downtown and infrastructure upgrades along U.S. Highway 421, the market is well-positioned for future growth. The Quality Inn offers stable, year-round demand from healthcare and business travelers, as well as increasing leisure visitation tied to the area’s natural attractions and cultural events.

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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