87 Jenkins Ln - Hospitality FOR SALE


Triadelphia, WV 26059 | 
$1,500,000 USD
301-467-5939
87 Jenkins Ln, Triadelphia, WV for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

87 Jenkins Ln
Triadelphia, WV 26059


HIGHLIGHTS

  • SIGNIFICANT PRICE REDUCTION TO $1.5M! THIS IS A GREAT BARGAIN ON A PRICE-PER-ROOM BASIS!
  • Absentee Owned with GM and management company. New on-site owner can quickly cut expenses.
  • UNENCUMBERED BY FRANCHISE AND MANAGEMENT!
  • THIS HOTEL MARKET AREA IS STRONG. THE ECONOLODGE JUST NEEDS A FOCUSED OWNER, SOME TLC AND PIP TO INCREASE MARKET SHARE.

OVERVIEW

This hotel had $1.8M in revenue in 2019, but never fully recovered from the COVID impact. Revenue is on upswing - 2025 is 6.2% ahead of 2024. Currently Absentee-Owned with a GM and hotel management company. Great acquisition opportunity to purchase an award-winning nationally economy-franchised hotel in the Wheeling MSA, at a GREAT COST-PER-KEY PRICE. Near a Multitude of Demand Drivers and 3 other major MSA'S. FRANCHISE AGREEMENT TERMINATES 01/17/27. BUYER CAN IMPLEMENT PIP AND REMAIN ECONOLODGE, OR CHOOSE NEW BRAND AS AVAILABILITY ALLOWS.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$24 USD /SF

# OF ROOMS

109

PRICE/ROOM

$13,761 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Triadelphia

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

158

LAND DETAILS

LAND ACRES

4.55 AC

LAND SF

198,198 SF

ZONING

Commercial

APN/PARCEL ID

06-T9-00220004

ASK ABOUT THIS PROPERTY

Charlie FritschMBA Hotel BrokersMore Info
301-467-5939

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Charlie FritschMBA Hotel BrokersMore Info
301-467-5939

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