80 Old Nicholette Rd
- ✔ Post-renovation rate growth potential
- ✔ Predictable cash flow
- ✔ Strong brand + reservation system
- ✔ Low operating complexity
- ✔ Stable blue-collar / corporate demand
- ✔ Higher cap rate than big-city hotels
Property Description
✔ Strong, Stable Demand Drivers - from consistent business and regional travel along with leisure demand. ✔ Close to Parkersburg’s industrial base (e.g., chemical companies like DuPont and Kraton) ✔ Near Mid-Ohio Valley Regional Airport and major highways (I-77 access) ✔ Serves: Corporate travelers, Contractors / project crews, Regional events (sports, small conferences) ✔ Lean operating model (breakfast + basic amenities) & Lower payroll vs. full-service hotels ✔ Strategic Highway Location just off Interstate 77 (key regional corridor) ✔ Easy access to Parkersburg and surrounding markets ✔ Reputable and nationally recognized IHG brand as a “drive-to” hotel with strong transient demand ✔ Opportunity for incremental value creation, not just yield ✔ Proven Demand + Positive Reviews - Consistently strong guest ratings (~4.4–4.6/5 range) ✔ Indicates operational stability, which matters heavily in underwriting. ✔ Simple 86-Key Asset (Right Size) ✔ Ideal size for: Efficient staffing, Scalable operations, Local or Regional ownership groups ✔ Not too small (inefficient), not too large (complex)
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| No. of Units: | 86 |
| Year Built: | 2017 |
| Lot Size: | 2.07 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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