Quality Inn - Gallipolis OH
100 Keys * Revenue $2.0M * Interior Corridors * Management Co. Operated
Marketing description
Interior Corridors * 2 Stories
Located at the intersection of US-35 and OH-7 on the border of Ohio and West Virginia.
Several new and exciting development projects in the area. Nucor Corp (North America’s largest steel manufacturer) is building a $4.0B factory located 15 miles from this hotel and will employ 800-1,000 full-time employees when completed. Precision Castparts Corp is building a titanium melt factory 30 miles from this hotel. Both developments are currently in construction and employing several thousand construction workers.
Proximity to multiple demand generators, including Gallipolis-Meigs Regional Airport, University of Rio Grande, Marshall University Mid-Ohio, American Electric Power, and Pleasant Valley Hospital.
Operated by third-party management company - tremendous upside opportunity for owner-operator to improve operations and control costs.
Investment highlights
Price: $5,000,000
Price per Room: $50,000
Room Revenue: $1,965,511
Other Revenue: $75,863
Total Revenue: $2,041,374
Revenue per Room: $20,413
Occupancy: 63.4%
ADR: $84.90
RevPAR: $55.93
NOI: $445,106
Address: 577 OH-7 North, Gallipolis, OH 45631
Room Count: 100
Year Built: 1972
# Buildings: 1
# Stories: 2
Parcel Size: 8.568 acres
Construction: Wood frame
HVAC: Individual PTAC units
Amenities: Meeting rooms, fitness center, onsite bar and restaurant
Parcel #: 002-001-009-00, 002-001-009-01, 002-001-009-03
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