Holiday Inn Express & Suites


Price:
$8,750,000

Address :
110 Memorial Dr, Ripley
Ripley, WV 25271


  •  Strong Performance in Revenue and Profitability
  •  Premium Franchise Affiliation
  •  Consistently Solid Market Area
  •  Well-Built Facility in Excellent Condition
  •  Torchbearer Award Winner for 2016 & 2017
  •  Select Service Operating Model
  •  The hotel is being offered subject to the existing franchise agreement. Holiday Inn Express is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Situated at the intersection of Interstate 77 and US Route 33, Ripley is the county seat for Jackson County.
  •  Expected to be in service by the end of 2018, the Mountaineer Xpress pipeline will carry natural gas through Jackson County. Facilities in Jackson County to support the pipeline will include a compressor station and a regulation station.
  •  Close to Regional Demand Generators, Including...
    •  0.5 Miles to WVU Parkersburg – Jackson County Center
    •  0.9 Miles to Jackson General Hospital
    •  3.7 Miles to Cedar Lakes Conference Center
    •  6.5 Miles to I-77 Speedway
    •  13 Miles to Jackson County Maritime & Industrial Centre
    •  13 Miles to Constellium Rolled Products Ravenswood (aluminum plant)
  •  72 Rooms
  •  Continental Breakfast Area (Seats 34)
  •  Meeting Space (Seats 40)
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Indoor heated pool and whirlpool
  •  Suite Shoppe
  •  3 Stories
  •  Interior Corridors
  •  Wood Frame Structure
  •  Stucco & Stone Facade
  •  Pitched Roof with Asphalt Shingles
  •  Asphalt Parking Lot
Financials
2016
2017
T-12Mos 5/18
Occupancy
74.46%
78.96%
81.85%
Average Daily Rate
$119,57
$119.37
$119.59
Room Revenue
$2,339,713
$2,483,876
$2,572,268
Net Operating Income
$1,051,220
$1,181,711
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!