Ten-X Auction! Baymont by Wyndham • Marietta, OH • Starting bid $500,000 • Multiple demand drivers
Ohio, United States
Confidential
Sale conditions: Market
Snapshot
Active| Ownership: | Fee Interest |
|---|---|
| Type: | Hotel |
| Sub Type: | Limited Service |
| Chain / Market Scale: | Midscale |
| Corridor: | Interior |
|---|---|
| No. of Keys: | 108 |
| Site Size: | 5.68 AC |
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:
Login to viewGeneral Property Information
| Property Name: | Login to view |
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| Property Type: | Hotel |
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| Property Sub Type: | Limited Service |
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| Chain / Market Scale: | Midscale |
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| Corridor: | Interior |
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| Keys: | 108 |
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| Building Status: | Existing |
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| No. of buildings: | 1 |
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| Stories: | 2 |
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| Site size: | 5.68 AC |
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| Parking Type: | Surface |
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| Construction Type: | Reinforced Concrete |
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| Year Build: | 1970 |
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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:
Other
Breakfast Area
Outdoor Pool
Lounge
Source of Business:
Other
Transient
Corporate
Leisure
Additional Links:
Login to viewLocation
| Country: | United States |
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| City: | Login to view |
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| State: | Ohio |
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| Postal Code: | Login to view |
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| APN/Parcel ID: | Login to view |
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| Location Type: | Login to view |
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Location Overview:
Brokers
Errol Anthony D'Souza, CHB
President, Principal Broker
Laurel Real Estate Company
Lauren D'Souza-Faze
Vice President, Hotel Sales
Laurel Real Estate Company
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