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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
Location/Market
Physical Plant
Financials
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)
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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!
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