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- LoopNet Team
4644 U.S. 60
Huntington, WV 25705
Motel 6 Huntington, WV · Hospitality Property For Sale
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16,771 SF
INVESTMENT HIGHLIGHTS
- -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
- -CapEx renovations in the last 5 years: New Roof, Paved Parking Lot, Updated Electrical, Re-Faced Stucco Exterior, New HVAC Units, New Washer & Dryer
- -Subject Property was recently renovated with the “Phoenix Package” in 2019/2020 and is expected to require a minimal PIP from G6
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1960/2020 |
| Building Class | C | Parking Ratio | 3.08/1,000 SF |
| Lot Size | 0.78 AC | Corridor | Exterior |
| Building Size | 16,771 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 16,771 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 3.08/1,000 SF |
| Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 4644 U.S. 60 , HUNTINGTON, WV 25705
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/
PROPERTY TAXES
| Parcel Number | 04-4N-00010000 | Improvements Assessment | $419,460 |
| Land Assessment | $61,500 | Total Assessment | $480,960 |
PROPERTY TAXES
