Listed by E-Merge Real Estate, e-Merge Real Estate, Mumford Company Newport News
$7,499,000
Holiday Inn Express & Suites Parkersburg Mineral Wells
Details
Property Type Hospitality
Sub Type Limited Service
Square Footage 36,000
Keys 86
Pro-Forma NOI $792,000
Year Built 2017
Year Renovated 2025
Acreage 2.070
Hospitality | 86 Keys
Marketing description
Located right outside of Parkersburg, West Virginia, the Holiday Inn Express Hotel in Parkersburg - Mineral Wells, WV is conveniently located near Parkersburg Wood County Airport (PKB). Many famous Parkersburg attractions are within 15 minutes of our hotel in Mineral Wells, WV. Nearby Blennerhassett Island is a historical state park, which features a museum and several walking trails. This park offers insight into the founding of Mineral Wells and its history. Holl's Swiss Chocolatier and Grand Central Mall are also located in close proximity to our Mineral Wells, WV hotel. The Holiday Inn Express hotel near Parkersburg is close to several corporate offices, including Dupont and Kraton Chemical, which are within 10 miles of our hotel near Parkersburg.
Investment highlights
- Strong, Stable Demand Drivers - from consistent business and regional travel along with leisure demand.
- Close to Parkersburg’s industrial base (e.g., chemical companies like DuPont and Kraton)
- Near Mid-Ohio Valley Regional Airport and major highways (I-77 access)
- Serves: Corporate travelers, Contractors / project crews, Regional events (sports, small conferences)
- Lean operating model (breakfast + basic amenities) & Lower payroll vs. full-service hotels
- Strategic Highway Location just off Interstate 77 (key regional corridor)
- Easy access to Parkersburg and surrounding markets
- Reputable and nationally recognized IHG brand as a “drive-to” hotel with strong transient demand
- Opportunity for incremental value creation, not just yield
- Proven Demand + Positive Reviews - Consistently strong guest ratings (~4.4–4.6/5 range)
- Indicates operational stability, which matters heavily in underwriting.
- Simple 86-Key Asset (Right Size)
- Ideal size for: Efficient staffing, Scalable operations, Local or Regional ownership groups
- Not too small (inefficient), not too large (complex)
- Post-renovation rate growth potential
- Predictable cash flow
- Strong brand + reservation system
- Low operating complexity
- Stable blue-collar / corporate demand
- Higher cap rate than big-city hotels
- Number of Units 86
Listing Contacts
Listed by E-Merge Real Estate, e-Merge Real Estate, Mumford Company Newport News
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