80 Cs-1658 Prestonsburg, KY 41653

Property Details for 80 Cs-1658

Year built

1991

Lot size

0.99 lot acres

Property size

28,538 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This 80-key Super 8 by Wyndham hotel in Prestonsburg, Kentucky presents a significant investment opportunity. Built in 1991, this three-story, interior corridor property boasts 28,538 square feet on a 0.99-acre lot. The hotel is strategically located near the intersection of high-traffic routes 114 (10,263 vehicles per day) and 23 (20,783 vehicles per day), providing excellent visibility and accessibility. Currently operating as an independent entity, free from management company or debt encumbrances, this property offers an owner-operator the chance to significantly improve revenue and net operating income (NOI). The hotel's RevPAR index currently sits at 61%, indicating substantial room for growth through effective rate management and operational improvements. A long-term relicensing agreement with Wyndham is expected upon change of ownership. The area offers numerous attractions, including Jenny Wiley State Resort Park, Prestonsburg Passage Rail Trail, and Middle Creek National Battlefield, driving tourism and potential occupancy. The property's financial history, including revenue, NOI, ADR, and occupancy, is available upon request and execution of a confidentiality agreement. This presents a unique chance to acquire a fee-simple interest in a well-positioned hotel with considerable upside potential. The property is unencumbered by debt and is currently unpriced; offers will be reviewed based on price and terms.

Location Insight

City

Prestonsburg

County

Floyd

State

Kentucky

Longitude

-82.782

Latitude

37.6547