Fairfield Inn & Suites * $1,387,656 Revenue * Strong, Rising Occupancy * Motivated Seller

Kentucky, United States

$3750000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Fairfield Inn
Corridor: Interior
No. of Keys: 62
Site Size: 2.2 AC

Fairfield Inn by Marriott with strong and rising occupancy and $1.38M in annual revenues. Property has a motivated seller and is placed well below replacement cost.
Price: $3,750,000
Price per Room: $60,483.87
Revenue: $1,387,656
Revenue Multiplier: 2.7
Occupancy: 66.9%
ADR: $91.65
RevPAR: $61.31

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Fairfield Inn
Corridor: Interior
Keys: 62
Room SF: 288
Building Status: Existing
No. of buildings: 1
Stories: 3
Building size(SF): 22856
Site size: 2.2 AC
Sprinklers: Wet
Parking Type: Surface
Parking Spaces: 65
Construction Type: Wood Frame
Year Build: 2001
Room Inventory Description:

Address: 227 Paint Lick Rd, Berea, KY 40403
Units: 62
Buildings & Stories: 1 Building, 3 Stories
Corridors: Interior
Year Built: 2001
Land Area: 2.2 acres
Construction: Wood frame
Heating & Cooling: Individual PTAC units
Roof: Pitched, Shingled
Franchise: Marriott
Parcel Number(s): #B01A00020002 (Madison)

Offered in conjunction with Huff, Niehaus & Associates

Common area amenities:

Breakfast Area

Exercise Room

Indoor Pool

Source of Business:

Group

Leisure

Commercial

Additional Links:

Location


Country: United States
State: Kentucky
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


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