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Quality Inn Fairmont 1185 Airport Rd 96 Room Hotel Fairmont, WV 26554 $3,200,000 ($33,333/Room) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- Great for an Owner Operator - First Time Buyer
- Two Story Interior Corridor property with an Elevator
- No major PIP expected; well-maintained and rated 3 stars on TripAdvisor
- SBA 504 Financing is available to Qualified Buyer with as low as 10% cash down
- Located off I-79 near WVU and Meadowbrook Mall
- Priced below replacement cost at $33,300 per key
EXECUTIVE SUMMARY
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.
• 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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,200,000 | Lot Size | 5.01 AC |
| Price Per Room | $33,333 | Building Size | 46,440 SF |
| Sale Type | Investment | No. Rooms | 96 |
| Cap Rate | 12% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1986/2003 |
| Property Type | Hospitality | Parking Ratio | 2.24/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | ||
| Zoning | HC | ||
| Price | $3,200,000 |
| Price Per Room | $33,333 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.01 AC |
| Building Size | 46,440 SF |
| No. Rooms | 96 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2003 |
| Parking Ratio | 2.24/1,000 SF |
| Corridor | Interior |
| Zoning | HC |
AMENITIES
- Business Center
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 96 | $64.00 | - |
PROPERTY TAXES
| Parcel Number | 22-17-01240001 | Total Assessment | $964,320 (2024) |
| Land Assessment | $160,080 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $804,240 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
22-17-01240001
Land Assessment
$160,080 (2024)
Improvements Assessment
$804,240 (2024)
Total Assessment
$964,320 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Quality Inn Fairmont | 1185 Airport Rd
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