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    OFF-MARKET
    Hospitality properties

    0 Spencer Dr, Fairmont, WV 26554

    31,320 SF 3.2 ac lot Built 1981
    Property ID
    Property summary
    AI-generated overview

    This 108-room Red Roof Inn in Fairmont, WV, presents a compelling value-add opportunity. Located off I-79 and near major demand generators including Fairmont State University, Prickett's Fort State Park, and Valley Worlds of Fun, this fee-simple asset offers significant revenue upside potential. The property boasts a prime location, easily accessible from I-79 and Highway 250, placing it within reach of Charleston, Morgantown, Greater Pittsburgh, and Erie. Built in 1981, the two-building, two-story hotel encompasses 31,320 square feet on a 3.2-acre lot (APN: 24-21-20-0011.0001). The property is currently unencumbered by management agreements or debt, providing the new owner with complete operational control to implement cost-containment initiatives and maximize occupancy rates. This presents a unique chance to leverage the established Red Roof Inn brand and strong market position to increase cash flow and achieve a significant return on investment. The hotel's current market leadership in occupancy provides a solid foundation for growth, and the absence of existing debt allows for flexible financial strategies. This is a rare opportunity to acquire a well-positioned hotel in a growing market at a price below replacement cost. The property's proximity to key attractions and its convenient highway access contribute to its strong potential for increased profitability. Invest in this established hotel and capitalize on its inherent growth potential.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1981
    Total area 31,320 SF
    Lot 3.2 ac (139,392 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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