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Property Detail

Mall Road
Leasehold interest in the institutionally-owned, recently renovated .
$200,000

Description

  • Leasehold interest in the institutionally-owned, recently renovated, and third-party managed 66-room Fairfield Inn & Suites St. Clairsville, Ohio
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  • Potential opportunity to convert following short term licensure with Marriott and recoup investment through hands-on management / cash flow
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  • Significant operating improvement prospects following transferring to a regional owner/operator model with strong local economies of scale
  • Unencumbered by third-party management with an opportunity to retain the Fairfield brand for the remaining term with no PIP costs
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  • Strategically located off I-70 allowing easy access to regional markets with over 50,000 vehicles passing the location daily
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  • Readily accessible to all local energy and manufacturing demand, including Stingray Energy Services, Murray Energy, Nickles Bakery, and United Dairy.

Executive Summary

Leasehold interest in the institutionally-owned, recently renovated, and third-party managed 66-room Fairfield Inn & Suites St. Clairsville, Ohio.

Unencumbered by third-party management with an opportunity to retain the Fairfield brand for the remaining term with no PIP costs.

Potential opportunity to convert following short term licensure with Marriott and recoup investment through hands-on management / cash flow from operations.

Strategically located off I-70 allowing easy access to regional markets with over 50,000 vehicles passing the location daily.

Significant operating improvement prospects following transferring to a regional owner/operator model with strong local economies of scale.

Located near all local university demand, including Wheeling Jesuit University, West Liberty University, West Virginia Northern Community College, Belmont College, and Ohio University Eastern Campus, accounting for 6,000 students.

Proximate to all healthcare demand, including the 223-bed Wheeling Hospital, 140-bed East Ohio Regional Hospital, and the under-construction Trinity Hospital.

Situated near all area corporate demand, including Riesbeck’s food Markets headquartered in St. Clairsville, Stingray Energy Services, and American Consolidated Natural Resources, Inc.

Strong area regional leisure demand includes WesBanco Arena, Carriage House Museum, Capitol Theatre, Belmont County Fairgrounds, and Wheeling Island Casino and Racetrack, which features 1,400 slots, 20 table games, and a 9-table poker room.

Fairfield Inn & Suites Saint Clairsville

Listing ID : 00611

SKU: 611

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Price History

DateEventPrice
December 4 2024Listed$200,000.00