Super 8


Price:
$1,095,000

Address :
191 Falls Creek Drive
Louisa, KY 41230


  •  Price Subject to Land Lease.
  •  Perfect Opportunity for an Owner/Operator.
  •  Priced at a Discount to Replacement Costs.
  •  Excellent Candidate for SBA 7 Financing.
  •  Interior Corridor Design in Excellent Physical Condition.
  •  Positioned just Southwest of Huntington, West Virginia, Home to Marshall University.
    View Map    View Aerial
  •  Situated at the intersection of Country Music Highway 23 and Highway 3
  •  Louisa is positioned just outside of Huntington, West Virginia, home to Marshall University
  •  Close to Regional Demand Generators, Including...
    •  0.5 Mile to Niddle Nose Dam
    •  0.5 Mile to Falls Creek Pavilion
    •  3.0 Miles to Bridge Over Two Rivers
    •  5.0 Miles to Eagle Ridge Golf Course
    •  5.0 Miles to Yatesville Lake & Marina
  •  45 Rooms
  •  Lounge
  •  Continental Breakfast Area (Seats ±10)
  •  Guest Laundry
  •  2-Story
  •  Interior Corridor
  •  Concrete Slab
  •  Wood Structure
  •  Stone & Vinyl Facade
  •  Asphalt Shingle Roof
  •  Asphalt Parking Lot
  •  Built 1997
Financials
2015
2016
2017
T-12Mos 7/18
Occupancy
60.55%
63.83%
43.22%
45.09%
Average Daily Rate
$64.66
$66.53
$65.10
$65.17
Room Revenue
$642,378
$697,488
$467,657
$482,609
Net Operating Income
$93,842
$157,936
($44,821)
($25,225)
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!