401 37th St
Parkersburg, WV 26101
Quality Inn Parkersburg North/Vienna · Hospitality Property For Sale · 33,664 SF

Quality Inn – Parkersburg, WV at PMC Center and Grand Central Mall • Absentee Management • Great Potential – Hotel Priced Below Replacement Cost • Strong National Franchise in Place with Minimal PIP • Ideal for 1st Time Owner/Operator LOCATION • 1.374 Acres • Located off Grand Central Avenue at 401 37th Street, Parkersburg, WV 26101 • Our location is our biggest attribute in this Mid-Ohio Valley Market. With cities such as Parkersburg, Vienna, and Mineral Wells, making up this market, we are truly in the center of it all. Our location is the most unique, in all of the cities, in the center of the PM Center. PM Center is a professional office and retail complex, right in the heart of Mid-Ohio Valley’s prime retail and professional markets, located in front of Grand Central Mall in Vienna. This location is also within walking distance to ten franchise restaurants and the entire facility, including the hotel is exempt from B&O tax. Located near WV Route 2 and Ohio Route 7, we are perfectly positioned for easy access to Middlebourne, Wick, Pennsboro, Ellenboro, Belmont, Pleasants County, St. Marys, and Washington. We also are within driving distance of Belpre and Marietta, Ohio. Whether you're in town on business with one of the many local corporations such as Kraton Polymers, Chemours Belle or Kuraray America, or working in the oil and gas industry, you can count on us to be your home away from home. MOTEL FEATURES & PHYSICAL PLANT • 76 Guest Rooms and 1 Meeting Room • 100% Smoke Free • Indoor Heated Pool • Free Hot Breakfast • Free High Speed Internet • 24 Hour Business Center & Guest Laundry • Microwave, fridge, coffeemakers, hairdryers, clock radio, and iron/ironing board in all rooms • Flat Screen TV with Premium Channels • Adjacent to Grand Central Mall, Red Lobster, Dunkin Donuts, Olive Garden and Outback Steakhouse • Excellent Physical Condition – 2 Stories Interior Corridor, Brick Exterior/EFIS, New Roof in 2014 • Asphalt Parking Lot PERFORMANCE • 2017 Room Revenue $1,309,963 as Comfort Inn • 2018 Room Revenue $1,024,700 as Comfort Inn • 2019 Room Revenue $ 815,826 as Quality Inn UPSIDE • Recapture lost market share in occupancy with New Management. Currently absentee owned and managed. Upside to drive revenue through sales, marketing, revenue management, and continued improvements. And increase Net Operating Income through reduced expenses with On-Site Management. Potential Revenues Up to $1,100,000 CONTACT • Umesh Patel • 304-376-2328 • umeshwv@gmail.com