Property Overview

Summary

  • Room count 100 units
  • Corridors Interior
  • Buildings 1 building
  • Stories 2 stories
  • Construction Concrete
  • HVAC Individual PTAC units
  • Amenities Meeting space for up to 170 guests, fitness center, onsite restaurant, 3 parcels
  • List price $6,000,000

  • — Well-maintained, 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.
  • — 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.

Financial Performance

Room Revenue $1,850,649
Total Revenue $1,925,732
Occupancy 59.7%
ADR $84.96
RevPAR $50.70
NOI (FY2024) $445,106