Hotel-Motel

Quality Inn Parkersburg North-Vienna

401 37th St, Parkersburg, WV 26101

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$29
Year Built
1995

Investment Overview

Quality Inn Parkersburg North-Vienna, situated on a 1.37 acre lot, is a 76 room, 2-story, interior-corridor hotel built in 1995.

While the competitive set has enjoyed revpar growth from 2017 to 2019, subject hotel has been losing occupancy and adr share. Current absentee ownership situation has resulted in loss of top-line revenues and has negatively operational efficiencies. This investment opportunity provides significant upside opportunity potential for a hands-on owner/operator by returning hotel to previous occupancy and adr penetrations versus competitive set as well as managing operating margins to bring them within industry standard.

Centrally located for those traveling on business or leisure, the Quality Inn is located within walking distance of the Grand Central Mall and within one mile of the Grand Pointe Conference Center. The citys primary industries are oil and gas exploration and manufacturing and is home to companies such as DuPont, Highmark, United Bank and Woodcraft. In addition, the area is also home to the United States Treasury Departments Bureau of the Fiscal Service, which employs more than 2,000 local individuals

For leisure travelers, outdoor enthusiasts can enjoy the nearby Ohio River or Blennerhassett Island Historical State Park, and those looking to explore the town can take advantage of Julia-Ann Square Historic District or Parkersburg Art Center.
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Hotel amenities include indoor heated pool, news stand, laundry facilities, meeting room, picnic area, business center, free hot breakfast, free wi-fi, and in-room refrigerators, microwave and coffee/tea makers.

Investment Highlights

  • Current Absentee-Ownership
  • Significant Top/Bottom Line Opportunity for Hands-On Owner/Operator
  • Minimal Anticipated Change-of-Ownership PIP
  • Interior Corridor
  • Fee Simple Offering

Exclusively Listed By

  • David Wiener

    Associate

    Email David

    License(s): VA: 0225232581

    Washington, D.C.

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

Hotel-Motel

Quality Inn Parkersburg North-Vienna

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$29
Year Built
1995

Investment Highlights

  • Current Absentee-Ownership
  • Significant Top/Bottom Line Opportunity for Hands-On Owner/Operator
  • Minimal Anticipated Change-of-Ownership PIP
  • Interior Corridor
  • Fee Simple Offering

Investment Overview

Quality Inn Parkersburg North-Vienna, situated on a 1.37 acre lot, is a 76 room, 2-story, interior-corridor hotel built in 1995.

While the competitive set has enjoyed revpar growth from 2017 to 2019, subject hotel has been losing occupancy and adr share. Current absentee ownership situation has resulted in loss of top-line revenues and has negatively operational efficiencies. This investment opportunity provides significant upside opportunity potential for a hands-on owner/operator by returning hotel to previous occupancy and adr penetrations versus competitive set as well as managing operating margins to bring them within industry standard.

Centrally located for those traveling on business or leisure, the Quality Inn is located within walking distance of the Grand Central Mall and within one mile of the Grand Pointe Conference Center. The citys primary industries are oil and gas exploration and manufacturing and is home to companies such as DuPont, Highmark, United Bank and Woodcraft. In addition, the area is also home to the United States Treasury Departments Bureau of the Fiscal Service, which employs more than 2,000 local individuals

For leisure travelers, outdoor enthusiasts can enjoy the nearby Ohio River or Blennerhassett Island Historical State Park, and those looking to explore the town can take advantage of Julia-Ann Square Historic District or Parkersburg Art Center.
.
Hotel amenities include indoor heated pool, news stand, laundry facilities, meeting room, picnic area, business center, free hot breakfast, free wi-fi, and in-room refrigerators, microwave and coffee/tea makers.

Exclusively Listed By

  • David Wiener

    Associate

    Email David

    License(s): VA: 0225232581

    Washington, D.C.

Broker of Record

  • Francis McGuire

    Broker Of Record

    License(s): WV0019009

    West Virginia

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