Spencer Dr Fairmont, WV 26554
- Hospitality properties
- 31,320 SF
- 3.20 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 Spencer Dr
- Year built
- 1981
- Lot size
- 3.20 lot acres
- Property size
- 31,320 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairmont
- County
- Marion
- State
- West Virginia
- Longitude
- -80.1889
- Latitude
- 39.4297
