886 Casteel Rd | Hazelton, WV 26525
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886 Casteel Rd
Hazelton, WV 26525
Microtel Inn & Suites Hazelton/Bruceton Mills · Hospitality Property For Sale
·
40,178 SF
INVESTMENT HIGHLIGHTS
- The 59-key count offers an experienced owner/operator a blank slate to ramp up operations post renovation and effectively stabilize the hotel asset.
- Located on I-68, the property benefits from commercial, logistics, and leisure demand, including visitors of nearby West Virginia University.
- The hotel is being offered free and clear of any management encumbrances, providing an investor with the flexibility to revamp operational strategies.
- Wyndham is offering $2,000 in key money to assist with renovations, underscoring its confidence in the asset's long-term success and market strength.
- This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost at $45,000 per key (rounded).
- Wyndham is expected to offer a new 10- or 15-year franchise, ensuring long-term brand stability and access to its reservation and marketing network.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2012 |
| Building Class | C | Parking Ratio | 1.77/1,000 SF |
| Lot Size | 2.00 AC | Corridor | Interior |
| Building Size | 40,178 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 40,178 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2007/2012 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 10-23-00100008 | Improvements Assessment | $979,140 |
| Land Assessment | $93,170 | Total Assessment | $1,072,310 |
PROPERTY TAXES
Parcel Number
10-23-00100008
Land Assessment
$93,170
Improvements Assessment
$979,140
Total Assessment
$1,072,310
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