Priced to Sell Econo Lodge for Sale in Charleston, West Virginia

Charleston, WV (Kanawha County)

Priced to Sell Econo Lodge for Sale in Charleston, West Virginia
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Asking Price: $2,950,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Priced to Sell Econo Lodge for Sale in Charleston, West Virginia

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Business Description

Motivated seller presents a perfect opportunity for an owner/operator or investor to own a newly renovated, 3-story, 103 rooms, exterior corridor hotel in Charleston, West Virginia, conveniently located right off exit 95 from I-64 W/I-77 N.

Priced to sell at $2,950,000, the hotel is for sale at $32,039 per key. The owner has spent over $750,000 in renovation costs including $225,000 in PIP investment. With $1.1 M in previous years revenue, and steady growth in revenue since it began operations as Econo Lodge in mid-October, 2018, the property is estimated to gross over $1 M revenue in future years, and is a steal at the ask price!

Price: $2,950,000
Building Size: +/- 31,416 SF
Rooms: 103
Stories: 3
Year Built: 1984
Corridor: Exterior
Lot Size: +/-1.55 AC

Major regional demand generators include University of Charleston - 3.7 miles, West Virginia State Capitol Building - 3.9 miles, Appalachian Power Park - 5.4 miles, Kanawha State Forest - 9 miles, West Virginia Regional Technology Park - 12 miles, West Virginia State University - 15 miles, Mardi Gras Casino and Resort - 18 miles. The hotel is in close proximity to restaurants and shopping.

***Confidential Offering. Do not call the hotel. Property tours by appointment only. Seller will not sell the property if prospective buyers breach seller’s confidentiality.***

Information has been provided by the owner or taken from sources deemed to be reliable, but is not guaranteed for accuracy or completeness, and is subject to change without notice. Buyers must verify all information prior to purchase.

Detailed Information

Location:
Charleston, WV
Business Website:
http://www.rplusi.com
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(from currently available funds)
 
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Madhur Gupta

Business Listed By:
Madhur Gupta

Madhur Gupta

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