PROPERTY HIGHLIGHTS
• 108 units with 2 stories and interior corridors.
• Fee-simple interest.
• Amenities include on-site bar (inactive), outdoor pool, breakfast area, elevator, and meeting room.

INVESTMENT HIGHLIGHTS
• Opportunity to tighten expenses and grow NOI: property is currently fully-staffed and managed by out-of-state investor. As a result, payroll is approximately 50% higher than expected for a property of this size and location.
• Upside opportunity: Property falls short of competitive set in ADR and RevPAR.
• Ten-X auction presents opportunity to acquire property at a significant discount to replacement cost.

MARKET HIGHLIGHTS
• Marietta is the county seat of Washington County, which is home to multiple demand generators across various industries.
Notable demand generators include Marietta College; Washington State Community College; Memorial Health System; and
Eramet Marietta, the only producer of refined ferro-manganese in the United States.
• Property is located less than 15 miles from Parkersburg, WV, which is popular among outdoor adventure enthusiasts and is home to WVU-Parkersburg (2,300+ students).

Highlights:

Room Inventory Description:

Address: 701 Pike Street, Marietta, OH 45750
Room Count: 108
Year Built: 1970
Buildings: 1 building, 2 stories
Amenities: Outdoor pool, fitness center, breakfast area, on-site bar (inactive), meeting room (125-person capacity)
Parcel Size: 5.68 acres (4 parcels)
Construction: Concrete
HVAC: Individual room HVAC units
Roof: Flat, rubber
Elevators: 1

Common area amenities:

Source of Business:

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