https://jmwhotels.com/property/motel-6-huntington/
The Motel 6 is located in Huntington, West Virginia on Highway 60, less than 1 mile from Interstate 64, and 4 miles from Marshall University in downtown. Huntington is the second-largest city in West Virginia. The Port of Huntington Tri-State is the largest river port in the United States. Surrounded by an industrial sector based in coal, oil, chemicals, and steel. Huntington is a vital rail-to-river transfer point for the marine transportation industry.
Property Tours will be by appointment only on April 15th. Please call Joe Simpson, 843.952.2263 to schedule a tour. DO NOT DISRUPT STAFF OR VISIT THE HOTEL WITHOUT THE PERMISSION OF THE BROKERAGE TEAM.
https://jmwhotels.com/property/motel-6-huntington/
Deal Highlights:
-Fee Simple Interest in the two-story, 40-unit, Motel 6 located in Huntington, West Virginia
-In 2020 Subject Property generated a $31.39 RevPAR compared to the Competitive Set’s $24.81, achieving an attractive 128.6% RevPAR Index
-In February 2021 Subject Property generated a $50.29 RevPAR compared to the Competitive Set’s $45.93, achieving an attractive 109.5% RevPAR Index
-Subject Property was recently renovated with the “Phoenix Package” in 2019/2020 and is expected to require a minimal PIP from G6
-Major CapEx renovations completed in the last 5 years include new roof, paved parking lot, updated electrical, re-faced stucco exterior, new HVAC units, new washer and dryer
-Offered well below replacement costs at $38,750/key | 2020 Revenues exceeded $465k with an approximate $160k Net Operating Income, offering an attractive return
-Marshall University generates over $450MM annually to the local economy | It is the 2ns largest school in the state enrolling 13,000+ students annually | Home to the #23 ranked football team in the county in 2020
For additional information, please visit our website to download the desired materials: Motel 6 Huntington | JMW Hotel Group (jmwhotels.com)
https://jmwhotels.com/property/motel-6-huntington/
