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Hotel-Motel

Microtel Inn & Suites Hazelton/Bruceton Mills

886 Casteel Rd, Hazelton, WV 26525

Listing Price: $2,200,000

Cap Rate
12.45%
Number of Rooms
59
RevPAR
$33
Gross SF
87,120
Price/Room
$37,288
Price/Gross SF
$25.25
Year Built
2007

Investment Overview

Marcus & Millichap is proud to present the Microtel Inn & Suites in Hazelton, West Virginia. The hotel built in 2007 owned by the original builder is a potential conversion to a Sleep Inn & Suites by Choice. The estimated PIP is around $200,000 and will increase ADR with a transition from Economy to Midscale franchise and alignment with Choice Hotels CRS. The hotel is 3 stories with 59 interior corridor rooms located off Interstate 68. The Hotel is absentee owned and provides an excellent platform for a hands-on investor to drive Occupancy and ADR. The hotel has surpassed pre-pandemic revenues from increased occupancy post pandemic due to the increase in domestic travel trend and outdoor vacations during Covid.

Investment Highlights

  • Uptrending Revenues
  • Potential Sleep Inn Conversion
  • The Hotel is absentee owned and provides an excellent platform for a hands-on investor to drive Occupancy and ADR.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

Hotel-Motel

Microtel Inn & Suites Hazelton/Bruceton Mills

Listing Price: $2,200,000

Cap Rate
12.45%
Number of Rooms
59
RevPAR
$33
Gross SF
87,120
Price/Room
$37,288
Price/Gross SF
$25.25
Year Built
2007

Investment Highlights

  • Uptrending Revenues
  • Potential Sleep Inn Conversion
  • The Hotel is absentee owned and provides an excellent platform for a hands-on investor to drive Occupancy and ADR.

Investment Overview

Marcus & Millichap is proud to present the Microtel Inn & Suites in Hazelton, West Virginia. The hotel built in 2007 owned by the original builder is a potential conversion to a Sleep Inn & Suites by Choice. The estimated PIP is around $200,000 and will increase ADR with a transition from Economy to Midscale franchise and alignment with Choice Hotels CRS. The hotel is 3 stories with 59 interior corridor rooms located off Interstate 68. The Hotel is absentee owned and provides an excellent platform for a hands-on investor to drive Occupancy and ADR. The hotel has surpassed pre-pandemic revenues from increased occupancy post pandemic due to the increase in domestic travel trend and outdoor vacations during Covid.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

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