Residence Inn Lexington North
Extended Stay Opportunity located in the Horse Capital of the World
Marketing description
Introducing the RESIDENCE INN LEXINGTON NORTH in sought-after Lexington, Kentucky! This upscale Marriott hotel boasts spacious suites with gourmet kitchens, separate living and sleeping areas, HD TV, and complimentary high-speed WiFi. Perfect for project teams, relocating families, and those in need of temporary housing. Conveniently located at the junction of New Circle Road and Newtown Pike, this property offers easy access to popular attractions like Keeneland Racetrack, Kentucky Horse Park, and Rupp Arena. Within a short distance from downtown Lexington, the airport, and prestigious universities like the University of Kentucky and Transylvania University. The well-maintained structure and rooms, although sporting slightly dated soft goods and accessories, present an excellent investment opportunity. The Marriott franchise currently in place until December 1, 2029, with the chance to continue for qualified buyers. Don't miss out on owning a piece of prime hospitality real estate in this thriving city, consistently ranked among the top 25 "Best Places to Live."
Investment highlights
- Although an older hotel, the condition is very good. Means ... soft goods renovation would go a long way to increase ADR and revenues.
- Extended stay hotels are easier and more economical to operate. Means ... lower expenses and greater profits for maximum returns.
- Lexington, KY has a diverse economy driven by Toyota, University of Kentucky and thoroughbred horse racing. Means ... annual revenues should not peak and valley, but roll for better revenue planning.
- Location is convenient to many market generators. Means ... opportunity to increase sales efforts for maximum revenues and profits.
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