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Hotel-Motel

Days Inn by Wyndham Fairmont

166 Middletown Rd, Fairmont, WV 26554

Listing Price: $1,350,000

Number of Rooms
48
RevPAR
$20
Price/Room
$28,125
RRM
4.23
Year Built
1983

Investment Overview

INVESTMENT OVERVIEW Marcus & Millichap's National Hospitality Group, as exclusive representative of the seller, is pleased to present for sale the 48-room Days Inn by Wyndham Fairmont. Situated on .99 acres, this two-story, exterior corridor hotel was built in 1983. As the property is just one within current ownership's multi-hotel portfolio, property results suffer due to lack of daily oversight, presenting new ownership with tremendous upside opportunities. Hotel Trailing 5-month performance has seen the hotel recover from pandemic levels and exceed 2019 results. Room revenue multiplier based on 2019 results, is attractive coming in BELOW 3X. This investment opportunity is IDEAL FOR HANDS-ON OWNER/OPERATOR - Manager's apartment is on property. Located halfway between Pittsburgh and Charleston, subject property is well situated off of Interstate 79. Referred to as being in the "middle of everywhere", Fairmont is approximately 20 miles from Morgantown, WV, 67 miles from Pittsburgh, PA and 132 miles from Columbus, OH. Long known as an industrial hub, the city has grown famous as a pleasant residential community as well, along the Clarksburg-Fairmont-Morgantown Technology Corridor. Located on the I-79 expressway, Fairmont is a brief 10 minute drive to nearby Fairmont State University and 13 minutes from the Marion County National Guard Armory. Among Marion County's largest industries are Heath Care, Mining, Quarrying, Oil & Gas Extraction and Agriculture. Coal production has remained strong and the oil and gas industry is making substantial investments in the county. The area is known for being the home of Fairmont State University, Pricketts Fort State Park, the Johnnie Johnson Blues Blue & Jazz Festival, West Virginia Three Rivers Festival and a number of other special events, attractions, accommodations and businesses. SURROUNDING ATTRACTIONS ** Heston Farm Winery 4.3 Miles ** Fairmont State University 5.6 Miles ** Fairmont General Hospital 5.8 Miles ** Pricketts Fort State Park 9.3 Miles ** United Hospital Center 9.7 Miles ** Bridgeport Conference Center 9.8 Miles ** Valley Falls State Park 10.9 Miles ** Valley Falls State Park 10.9 Miles ** FBI CJIS Division Headquarters 11.6 Miles ** North Central West Virginia Airport 10 Miles ** Tygart Lake State Park 15.3 Miles ** Anna Jarvis Birthplace Museum 15.3 Miles

Investment Highlights

  • Offered Below 3X 2019 Revenues
  • Revenue and NOI Upside Potential
  • Six-Tenths of a Mile from I-79 Exit
  • Ideal for Hands-On Owner | Manager's Apartment on Property
  • All Guestrooms Have New Carpet and Lamps
  • Trailing 5-Month Performance Exceeds 2019
  • Offered Below Replacement Cost
  • Fee Simple Offering

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Hotel-Motel

Days Inn by Wyndham Fairmont

Listing Price: $1,350,000

Number of Rooms
48
RevPAR
$20
Price/Room
$28,125
RRM
4.23
Year Built
1983

Investment Highlights

  • Offered Below 3X 2019 Revenues
  • Revenue and NOI Upside Potential
  • Six-Tenths of a Mile from I-79 Exit
  • Ideal for Hands-On Owner | Manager's Apartment on Property
  • All Guestrooms Have New Carpet and Lamps
  • Trailing 5-Month Performance Exceeds 2019
  • Offered Below Replacement Cost
  • Fee Simple Offering

Investment Overview

INVESTMENT OVERVIEW Marcus & Millichap's National Hospitality Group, as exclusive representative of the seller, is pleased to present for sale the 48-room Days Inn by Wyndham Fairmont. Situated on .99 acres, this two-story, exterior corridor hotel was built in 1983. As the property is just one within current ownership's multi-hotel portfolio, property results suffer due to lack of daily oversight, presenting new ownership with tremendous upside opportunities. Hotel Trailing 5-month performance has seen the hotel recover from pandemic levels and exceed 2019 results. Room revenue multiplier based on 2019 results, is attractive coming in BELOW 3X. This investment opportunity is IDEAL FOR HANDS-ON OWNER/OPERATOR - Manager's apartment is on property. Located halfway between Pittsburgh and Charleston, subject property is well situated off of Interstate 79. Referred to as being in the "middle of everywhere", Fairmont is approximately 20 miles from Morgantown, WV, 67 miles from Pittsburgh, PA and 132 miles from Columbus, OH. Long known as an industrial hub, the city has grown famous as a pleasant residential community as well, along the Clarksburg-Fairmont-Morgantown Technology Corridor. Located on the I-79 expressway, Fairmont is a brief 10 minute drive to nearby Fairmont State University and 13 minutes from the Marion County National Guard Armory. Among Marion County's largest industries are Heath Care, Mining, Quarrying, Oil & Gas Extraction and Agriculture. Coal production has remained strong and the oil and gas industry is making substantial investments in the county. The area is known for being the home of Fairmont State University, Pricketts Fort State Park, the Johnnie Johnson Blues Blue & Jazz Festival, West Virginia Three Rivers Festival and a number of other special events, attractions, accommodations and businesses. SURROUNDING ATTRACTIONS ** Heston Farm Winery 4.3 Miles ** Fairmont State University 5.6 Miles ** Fairmont General Hospital 5.8 Miles ** Pricketts Fort State Park 9.3 Miles ** United Hospital Center 9.7 Miles ** Bridgeport Conference Center 9.8 Miles ** Valley Falls State Park 10.9 Miles ** Valley Falls State Park 10.9 Miles ** FBI CJIS Division Headquarters 11.6 Miles ** North Central West Virginia Airport 10 Miles ** Tygart Lake State Park 15.3 Miles ** Anna Jarvis Birthplace Museum 15.3 Miles

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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