Quality Inn


Price:
$6,700,000

[Currently Under Contract]

Address :
1924 Harper Road
Beckley, WV 25801


  •  Solid construction with attractive amenities
  •  Choice’s Gold Award Winner
  •  Hands-on ownership could drive additional revenues
  •  Ability to attract groups with on-site amenities
  •  Solid historical performer
  •  Additional income stream from restaurant and lounge
    View Map    View Aerial
  •  Beckley, WV is the “Gateway to Southern West Virginia”
  •  Located at the juncture of Interstates 64 & 77
  •  Serves as the entrance to New River Gorge Scenic Drive & National Park
  •  Close to Regional Demand Generators:
    •  Tamarack Marketplace
    •  Beckley Exhibition Coal Mine & Youth Museum of Southwestern West Virginia
    •  Raleigh General Hospital
    •  Beckley-Raleigh County Convention Center
    •  The Summit Bechtel Reserve
    •  National Mine Health and Safety Academy
  •  2 Stories, Interior Corridor
  •  Concrete Construction
  •  Stucco Façade (Painted 2019/20)
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot
  •  Built in 1974
  •  2022 New Telephone System ComXchange ($21,100)
  •  2022 Bar System ($2,564)
  •  2021 10 New Guest Room HVAC Units ($9,800)
  •  2021 New Pool Heater ($2,500)
  •  2020 New RFID Lock System Dorma Kaba throughout hotel ($43,000)
  •  2019-20 Exterior Building Painted ($10,000)
  •  Wireless Internet, Restaurant (Seats 75), Lounge (Capacity of 110), Breakfast Area (Seats 50), Meeting Room (Seats 10), Business Center, Guest Laundry, Fitness Center, Heated Outdoor Pool (ADA Compliant)
  •  2019 New Dryer ($5,400)
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
2019
2020
2021
T-12Mos 10/22
Occupancy
72.36%
52.38%
64.68%
66.64%
Average Daily Rate
$75.94
$65.51
$78.38
$87.55
Room Revenue
$2,065,875
$1,293,401
$1,905,959
$2,193,310
Net Operating Income
$474,307
$138,415
$454,290
9/22 $427,154
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!