51654 National Rd E - Hospitality FOR SALE


Saint Clairsville, OH 43950
$2,800,000 USD
317-493-0055
51654 National Rd E, Saint Clairsville, OH for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

51654 National Rd E
Saint Clairsville, OH 43950


HIGHLIGHTS

  • TURNKEY PROPERTY – The hotel has no PIP per the Best Western Assessment in 2024.
  • Best Western is a well-known economy & midscale brand offering exceptional hotel stays at a lower price point.
  • The current owner is completely absentee, allowing for upside on revenue growth and direct improvement on the expense load.
  • The hotel has a rating of 4.4 stars over 253 reviews.
  • There are multiple conversion opportunities such as Spark by Hilton, Garner by IHG, and MainStay Suites by Choice.

OVERVIEW

Luke Whittaker and Mitchell Glasson of Matthews Real Estate Investment Services are pleased to present an exceptional opportunity to acquire the 65-room Best Western Inn & Suites located at 51654 National Rd E, St. Clairsville, OH 43950. This property has no PIP meaning a turnkey hotel for the next investor. The current owner is completely absentee, allowing for significant operational improvement. Even with consistent revenue of $800,000, the hotel still has tremendous RevPAR upside indexing at only 66% of the comp set. Located just off the I-70 between Pittsburgh and Columbus and directly to the west of Wheeling, West Virginia, the hotel boasts multiple demand drivers including interstate travel, regional healthcare, Wheeling Island Hotel-Casino-Racetrack, Wheeling University, and energy & distribution businesses. There are multiple conversion opportunities such as Spark by Hilton, Garner by IHG, and MainStay Suites by Choice. Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc. 950 Main Ave., Suite 510, Cleveland, OH 44113

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

65

PRICE/ROOM

$43,077 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western St Clairsville Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

69

LAND DETAILS

LAND ACRES

4.62 AC

LAND SF

201,247 SF

ZONING

-

APN/PARCEL ID

32-00362-001

ASK ABOUT THIS PROPERTY

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.