80 Old Nicolette Rd - Hospitality FOR SALE


Mineral Wells, WV 26150
$7,499,000 USD
614-678-5505
80 Old Nicolette Rd, Mineral Wells, WV for Sale
$7,499,000 USD
Hospitality - FOR SALE
1/32
null | 10.56% Cap Rate

80 Old Nicolette Rd
Mineral Wells, WV 26150


HIGHLIGHTS

  • Post-renovation rate growth potential.
  • Predictable cash flow.
  • Strong brand + reservation system.
  • Low operating complexity.
  • Stable blue-collar / corporate demand.
  • Higher cap rate than big-city hotels.

OVERVIEW

Strong, Stable Demand Drivers - from consistent business and regional travel along with leisure demand. Close to Parkersburg’s industrial base (e.g., chemical companies like DuPont and Kraton) Near Mid-Ohio Valley Regional Airport and major highways (I-77 access) Serves: Corporate travelers, Contractors / project crews, Regional events (sports, small conferences) Lean operating model (breakfast + basic amenities) & Lower payroll vs. full-service hotels Strategic Highway Location just off Interstate 77 (key regional corridor) Easy access to Parkersburg and surrounding markets Reputable and nationally recognized IHG brand as a “drive-to” hotel with strong transient demand Opportunity for incremental value creation, not just yield Proven Demand + Positive Reviews - Consistently strong guest ratings (~4.4–4.6/5 range) Indicates operational stability, which matters heavily in underwriting. Simple 86-Key Asset (Right Size) Ideal size for: Efficient staffing, Scalable operations, Local or Regional ownership groups Not too small (inefficient), not too large (complex)

FOR SALE DETAILS

PRICE

$7,499,000 USD

PRICE/SF

$135 USD /SF

# OF ROOMS

86

PRICE/ROOM

$87,198 {currency}

CAP RATE

10.56%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Parkersburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

97

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

-

APN/PARCEL ID

08-300-00L20000

ASK ABOUT THIS PROPERTY

Anish Shahe-Merge Real EstateMore Info
614-678-5505

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Anish Shahe-Merge Real EstateMore Info
614-678-5505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.