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Hilton Garden Inn
Price:
$11,500,000
[Currently Under Contract]
Address :
110 Grandstand Dr.
Lexington – Georgetown, KY 40324
Investment grade select-service asset
Significant recovery since 2020, with upside remaining for new owner
Ready-made portfolio with potential for future development when acquired with Hampton Inn
Excellent location and access along Interstate 75, which runs from Michigan to Florida
Additional 2.2 acres (zoned B-2) available for future development with excellent visibility from I-75
Sign Confidentiality Agreement
HERE
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Location/Market
Physical Plant
Financials
Georgetown is the county seat of Scott County, which has grown 21.2% since 2010.
Lexington-Fayette KY MSA is home to +516,000 people.
Toyota Motor Manufacturing, Kentucky, Inc., its largest manufacturing plant, is in Georgetown, KY.
Close to Regional Demand Generators & Nearby Lexington:
Georgetown College
Georgetown Community Hospital
Downtown Georgetown
Kentucky Horse Park
University of Kentucky
UK Medical Center
108 Guest Rooms
4 Stories, Interior Corridor
Block and Plank Construction
EIFS and Brick Façade
Pitched, Asphalt-Shingled Roof
Asphalt Parking Lot
Wireless Internet
Guest Laundry
Restaurant and Lounge (Seats 70)
Meeting Space (4,000 Square Feet)
Fitness Center
Indoor Pool and Whirlpool
Terrace with Firepits
Built in 2007
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Financials
2019
2020
2021
T-12Mos 6/22
Occupancy
75.05%
32.44%
55.02%
64.18%
Average Daily Rate
$105.77
$87.99
$99.66
$107.11
Room Revenue
$3,129,457
$1,128,331
$2,161,359
$2,709,748
Net Operating Income
$928,878
($208,349)
$402,143
$659,906
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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