Hotel M Morgantown - WVU Area | 1400 Saratoga Ave
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Hotel M Morgantown - WVU Area 1400 Saratoga Ave
70 Room Hotel Star City, WV 26505 $4,105,530 CAD ($58,650 CAD/Room) 15.00% Cap Rate
Investment Highlights
- Next to WVU
- Turn Key - Red Roof Inn - 2 Buildings with 35 rooms each (12 Extended Stay rooms)
Executive Summary
Property Listing Title: 70 room Red Roof Inn for Sale or Lease next to WVU, the most vibrant town in the entire state of West Virginia.
Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505
Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each
Listing Price: $2,900,000
Projected Revenue - $1,000,000
Projected ROI - 30%
Property Description: This offering includes 70 guest rooms in two exterior corridor buildings.
Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building.
Ideal for owner / Operator
Contact Information: Himan
urdba@yahoo.com 7328001242
Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505
Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each
Listing Price: $2,900,000
Projected Revenue - $1,000,000
Projected ROI - 30%
Property Description: This offering includes 70 guest rooms in two exterior corridor buildings.
Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building.
Ideal for owner / Operator
Contact Information: Himan
urdba@yahoo.com 7328001242
Property Facts
| Price | $4,105,530 CAD | Lot Size | 4.52 AC |
| Price Per Room | $58,650 CAD | Building Size | 70,000 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 15.00% | No. Stories | 3 |
| Sale Conditions | Build to Suit | Year Built/Renovated | 1965/2011 |
| Property Type | Hospitality | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $4,105,530 CAD |
| Price Per Room | $58,650 CAD |
| Sale Type | Investment |
| Cap Rate | 15.00% |
| Sale Conditions | Build to Suit |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.52 AC |
| Building Size | 70,000 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2011 |
| Parking Ratio | 1.53/1,000 SF |
| Corridor | Exterior |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 70 | $110.42 CAD | - |
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PROPERTY TAXES
| Parcel Number | 17-5-00910000 | Improvements Assessment | $2,675,928 CAD |
| Land Assessment | $174,998 CAD | Total Assessment | $2,850,927 CAD |
PROPERTY TAXES
Parcel Number
17-5-00910000
Land Assessment
$174,998 CAD
Improvements Assessment
$2,675,928 CAD
Total Assessment
$2,850,927 CAD
zoning
| Zoning Code | CR (Concentrated Residential) |
| CR (Concentrated Residential) |
-
Himan Bhatia - HotelM 1400 Saratoga
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Hotel M Morgantown - WVU Area | 1400 Saratoga Ave
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