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Budgetel Louisville 3304 Bardstown Rd 192 Room Hotel Louisville, KY 40218 $9,700,000 ($50,521/Room) 9.27% Cap Rate
Investment Highlights
- 33,694 +/- SQFT
- 150 Surface Parking Spots
Executive Summary
Attractive Basis with Strong Downside Protection: Acquisition of a 192-key hospitality asset at a
significant discount to replacement cost, offering an attractive entry point with immediate operational
cash flow.?
Substantial 192-Key Scale: Large, institutional-friendly footprint that supports robust operational
efficiencies, economies of scale, and administrative cost-sharing.?
Unbeatable Interstate Access & Visibility: Prominently positioned along the heavily trafficked
Bardstown Road (US-150) right at the I-264 (Watterson Expressway)?
Resilient Demand for Value-Oriented Lodging: Serves a deep, proven local demand pool of budget-
conscious travelers, extended-stay guests, and regional contract workforces in a submarket protected
by limited new budget-tier development.?
Proximity to Louisville’s Major Tourism & Transit Hubs: Located under 10 minutes from the Kentucky
Exposition Center, Kentucky Kingdom, and Louisville International Airport (SDF), tapping directly into
the city's highest-volume leisure and commercial demand generators.?
significant discount to replacement cost, offering an attractive entry point with immediate operational
cash flow.?
Substantial 192-Key Scale: Large, institutional-friendly footprint that supports robust operational
efficiencies, economies of scale, and administrative cost-sharing.?
Unbeatable Interstate Access & Visibility: Prominently positioned along the heavily trafficked
Bardstown Road (US-150) right at the I-264 (Watterson Expressway)?
Resilient Demand for Value-Oriented Lodging: Serves a deep, proven local demand pool of budget-
conscious travelers, extended-stay guests, and regional contract workforces in a submarket protected
by limited new budget-tier development.?
Proximity to Louisville’s Major Tourism & Transit Hubs: Located under 10 minutes from the Kentucky
Exposition Center, Kentucky Kingdom, and Louisville International Airport (SDF), tapping directly into
the city's highest-volume leisure and commercial demand generators.?
Property Facts
| Price | $9,700,000 | Lot Size | 3.02 AC |
| Price Per Room | $50,521 | Building Size | 33,694 SF |
| Sale Type | Investment | No. Rooms | 192 |
| Cap Rate | 9.27% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1958 |
| Property Subtype | Hotel | Parking Ratio | 4.45/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C2-COMMERC | ||
| Price | $9,700,000 |
| Price Per Room | $50,521 |
| Sale Type | Investment |
| Cap Rate | 9.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.02 AC |
| Building Size | 33,694 SF |
| No. Rooms | 192 |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 4.45/1,000 SF |
| Corridor | Exterior |
| Zoning | C2-COMMERC |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $89.00 | - |
| Guest Room | 188 | $68.00 | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 061001180000 | Improvements Assessment | $1,846,380 |
| Land Assessment | $1,971,320 | Total Assessment | $3,817,700 |
Property Taxes
Parcel Number
061001180000
Land Assessment
$1,971,320
Improvements Assessment
$1,846,380
Total Assessment
$3,817,700
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