Motel 6


Price:
$3,300,000

[Currently Under Contract]

Address :
11321 Massey Blvd
Hagerstown, MD 21740


  •  Excellent Interstate 81 Location near the Intersection with Interstate 70
  •  Adjacent to Valley Mall, a retail, education, and entertainment center for western Maryland, eastern West Virginia, and southern Pennsylvania
  •  Corporate/Institutionally Owned and Operated Property
  •  Opportunity to reposition property through renovation and re-branding
    View Map    View Aerial
  •  One of the fastest-growing areas in the US, the Hagerstown MSA is expected to be 288,098 by 2023.
  •  Hagerstown sits at the intersection of Interstates 70 and 81.
  •  Hagerstown serves as the commercial and cultural center for a tri-state region that includes western Maryland, southern Pennsylvania, and the eastern Panhandle of West Virginia.
  •  Adjacent to Valley Mall, a regional retail, entertainment and education complex
  •  Close to Regional Demand Generators:
    •  3.0 Miles to Hagerstown Premium Outlets
    •  3.9 Miles to Meritus Medical Center
    •  6.2 Miles to Volvo Truck Enterprises, Inc. Manufacturing Complex
    •  14 Miles to Antietam National Battlefield
    •  17 Miles to Fort Frederick State Park
    •  25 Miles to Proctor & Gamble Plant at Tabler Station Business Park
    •  29 Miles to Harpers Ferry
    •  35 Miles to Hollywood Casino at Charles Town Races
    •  44 Miles to Gettysburg National Military Park
  •  3 Wood Frame Buildings
  •  One Story
  •  Exterior Corridors
  •  Wood Frame Construction
  •  EFIS & Stucco Facade
  •  Pitched, Shingled Roof
  •  Asphalt Parking Lot-107 Spaces
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  ±3.812 Acres
  •  Built 1987
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
T-12Mos 7/19
Occupancy
72.5%
72.4%
77.7%
75.9%
Average Daily Rate
$49.46
$49.83
$52.29
$52.18
RevPar
$35.86
$36.10
$40.64
$39.58
Room Revenue
$1,351,827
$1,357,067
$1,527,872
$1,488,087
Net Operating Income
$672,730
$609,344
$740,006
$680,173
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!