Lexington Hospitality Asset For
5531 Athens Boonesboro Rd, Lexington, KY 40509
59-room hotel with recent renovations and strong location.
Type:Hospitality
Property size:
36,327 SFLot size:
1.90 AcresPrice / SF:
$79/SF- Added:
- Mar 3, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 16 at 2:00 pm
Property Features for 5531 Athens Boonesboro Rd
General Information
- Standard status
- Active
- Size
- 36,327 SF
- Lot size
- 1.90 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1995
Listing agent Krisi Patel License #30210
Listing office Keller Williams Realty Louisville
Listing date Mar 3, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Louisville
HighLights
- Nationally affiliated hotel with recent 2021 PIP ensuring modern brand standards.
- Strategically located directly off I‑75, near Lexington's new soccer stadium and less than 7 miles from Downtown Lexington, providing excellent visibility and accessibility.
- Features 59 updated guest rooms, refreshed common areas, fitness center, complimentary breakfast area, and indoor pool.
- Strong operational foundation with limited near‑term capital expenditure requirements.
- Benefits from brand recognition, an established reservation system, and a loyal customer base.
- Opportunity for future brand conversion allowing for strategic repositioning and enhanced revenue potential.
Overview
The hospitality asset at 5531 Athens Boonesboro Rd, Lexington, KY 40509, is a nationally affiliated hotel opportunity located in a strong commercial corridor. Constructed in 1995, this interior corridor property features 59 guest rooms and underwent a comprehensive Property Improvement Plan (PIP) in 2021 to meet current brand standards. The hotel includes updated guest rooms and refreshed common areas, along with a fitness center, a complimentary breakfast area, and an indoor pool. The property is located directly off I-75, providing visibility and accessibility. It is near Lexington’s new professional soccer stadium and less than seven miles from Downtown Lexington, placing it near the University of Kentucky, medical facilities, equine industry operations, retail centers, and regional tourism attractions. The property sits on approximately 1.9 acres and is zoned B-5, allowing continued hospitality use. The asset benefits from brand recognition, an established reservation system, and a customer base that supports occupancy and revenue performance. This offering represents a value-add hospitality opportunity with an anticipated opportunity for future brand conversion that may allow for strategic repositioning and enhanced revenue potential. The property size is 36327 square feet.
Financial Insights
Value Estimation Calculated for Hotel Hospitality
Conservative
$2.43M
NOI $218,659 @ 9.00% cap · cautious / downside scenario
Moderate
$3.12M
NOI $218,659 @ 7.00% cap · market / base-case scenario
Aggressive
$4.37M
NOI $218,659 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Hotel Hospitality
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $523.1k | $14.40 |
| − Vacancy | −$62.8k | −$1.73 |
| EGI | $460.3k | $12.67 |
| − OpEx | −$241.7k | −$6.65 |
| NOI | $218.7k | $6.02 |
36,327 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Use Scenarios
Best Use
Hotel Hospitality
$3.12M
$2.73M – $3.64M
NOI $218,659 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.57M
$6.62M – $8.83M
NOI $529,805 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Comfort Inn Hamburg ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.384719
- Latitude
- 37.957788
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 59-room hotel with recent renovations and strong location.
Where is this hotel located?
The property is located at 5531 Athens Boonesboro Rd Lexington, KY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Nationally affiliated hotel with recent 2021 PIP ensuring modern brand standards.; Strategically located directly off I‑75, near Lexington's new soccer stadium and less than 7 miles from Downtown Lexington, providing excellent visibility and accessibility.; Features 59 updated guest rooms, refreshed common areas, fitness center, complimentary breakfast area, and indoor pool.
