This 96 keys, two stories, fully renovated interior corridor asset with an elevator is well located in active Fairmont, WV market. It is located off Interstate 79. The property is a few miles from:
• Valley Falls State Park
• Fairmont State Park
• WVU Coliseum
• West Virginia University
• Meadowbrook Mall
The Quality Inn is progressing very nicely in 2025 after a change in the revenue management strategy by MTEL Consultants. YTD June 2025 the revenue is up by app. $ 70,000. At this rate the property room revenues are poised to reach $1,050,000…. similar revenues as in 2023. At this revenue level the Net – Net to an owner operator after mortgage is estimated at $180,000 and providing app 18 % ROI (Return on Investment)
The property is priced at $ 3.2 Million, consistent with the prevailing room revenue multiplier of app. 3X. The list price is well below replacement cost for a two-story interior corridor hotel asset with an elevator.
There is also a fully equipped Owner’s living quarter on the property.
The property is run absentee owner. A new owner operator can increase the revenues, reduce operating inefficiencies for better Net Operating Income.