For Sale
Call for price

80 Cs-1658Prestonsburg, KY 41653

80-key hotel, high upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 80-key Super 8 by Wyndham hotel in Prestonsburg, Kentucky presents a significant investment opportunity. Built in 1991, this three-story, interior corridor property boasts 28,538 square feet on a 0.99-acre lot. The hotel is strategically located near the intersection of high-traffic routes 114 (10,263 vehicles per day) and 23 (20,783 vehicles per day), providing excellent visibility and accessibility. Currently operating as an independent entity, free from management company or debt encumbrances, this property offers an owner-operator the chance to significantly improve revenue and net operating income (NOI). The hotel's RevPAR index currently sits at 61%, indicating substantial room for growth through effective rate management and operational improvements. A long-term relicensing agreement with Wyndham is expected upon change of ownership. The area offers numerous attractions, including Jenny Wiley State Resort Park, Prestonsburg Passage Rail Trail, and Middle Creek National Battlefield, driving tourism and potential occupancy. The property's financial history, including revenue, NOI, ADR, and occupancy, is available upon request and execution of a confidentiality agreement. This presents a unique chance to acquire a fee-simple interest in a well-positioned hotel with considerable upside potential. The property is unencumbered by debt and is currently unpriced; offers will be reviewed based on price and terms.

Highlights

  • 80-key Super 8 by Wyndham hotel in Prestonsburg, KY, for sale.
  • Fee simple ownership, debt-free, and free from third-party management.
  • 28,538 square feet on a 0.99-acre lot, with three stories and an interior corridor.
  • Built in 1991, currently underperforming with a 61% RevPAR index, presenting an owner-operator opportunity.
  • Prime location near high-traffic routes (Route 114 and Route 23).
  • Expected to transfer with a long-term Wyndham relicensing agreement.

Property Details for 80 Cs-1658

Property type
Hospitality properties, Motels
Square Feet
28,538 SF
Year Built
1991
Buildings
1
Stories
3
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Prestonsburg
County
Floyd
State
Kentucky
Latitude
37.6547398
Longitude
-82.7820409
80 Cs-1658, Prestonsburg, Kentucky

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80 Cs-1658
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