Holiday Inn Express


Price:
$5,975,000

[Currently Under Contract]

Address :
605 Venture Dr
Morgantown, WV 26508


  •  Ideal interstate location in university market
  •  Desirable franchise affiliation
  •  Consistent revenue performance and profitability
  •  Proximate to numerous, diverse demand generators
  •  *not available for co-brokerage
    View Map    View Aerial
  •  Monongalia County represents the primary economic engine for North Central West Virginia
  •  West Virginia University, with nearly 26,000 on-campus students and 7,500 faculty and staff, acts as a stabilizing force amid the ups and downs in the national business cycle as well as swings in the state’s coal and natural gas industries.
  •  WVU Medicine, with multiple hospitals and medical campuses in the vicinity, employs over 6,000 employees within Monongalia County
  •  Close to Regional Demand Generators:
    •  0.5 Miles to Interstate 68
    •  2.0 Miles to Morgantown Municipal Airport
    •  3.9 Miles to West Virginia University Central Campus
    •  4.7 Miles to JW Ruby Memorial Hospital
    •  4.8 Miles to Monongalia Health Medical Center
    •  4.9 Miles to Mountaineer Field at Milan Puskar Stadium
  •  3 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  EIFS and Brick Facade
  •  Pitched Roof with Fiberglass Shingles
  •  Parking Lot
  •  Complimentary Breakfast Room (Seats 24)
  •  Meeting Space
  •  Business Center
  •  Fitness Center
  •  Indoor Pool & Whirlpool
  •  Wireless Internet
  •  Built 2000
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 10/19
Occupancy
69.91%
73.43%
71.23%
74.69%
Average Daily Rate
$110.03
$107.67
$109.04
$106.85
RevPar
$76.93
$79.06
$77.67
$79.81
Room Revenue
$1,914,565
$1,962,285
$1,927,795
$1,980,898
Net Operating Income
$683,985
$610,798
$680,492
N/A
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!