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.
    View Map    View Aerial
  •  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
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 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!