OYO Hotel M Morgantown - WVU Area | 1400 Saratoga Ave
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OYO Hotel M Morgantown - WVU Area 1400 Saratoga Ave
86 Room Hotel Star City, WV 26505 $4,078,560 CAD ($47,425 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 | $4,078,560 CAD | Lot Size | 4.52 AC |
Price Per Room | $47,425 CAD | Building Size | 70,000 SF |
Sale Type | Investment | No. Rooms | 86 |
Cap Rate | 15.00% | No. Stories | 3 |
Sale Conditions | Build to Suit | Year Built | 1965 |
Property Type | Hospitality | Parking Ratio | 1.53/1,000 SF |
Property Subtype | Hotel | Corridor | Exterior |
Building Class | C |
Price | $4,078,560 CAD |
Price Per Room | $47,425 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 | 86 |
No. Stories | 3 |
Year Built | 1965 |
Parking Ratio | 1.53/1,000 SF |
Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Restaurant
- On-Site Bar
- Outdoor Pool
- Bed & Breakfast
- Meeting Event Space
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 86 | $92.82 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) |
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HotelM 1400 Saratoga
OYO Hotel M Morgantown - WVU Area | 1400 Saratoga Ave
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