2001 Bryant Rd, Lexington, KY 40509-9427
- Hotels
- 74,415 SF
- 2.73 lot acres
Current Use by Public Records
- Hyatt Place Lexington / Hotel & Motel
Property Details for 2001 Bryant Rd
- Year built
- 2008
- Lot size
- 2.73 lot acres
- Zone code
- B-5P
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 38045510
- APU
- 38045510
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 2, 2020 | $14,000,000 | Sat LLC | Sof X Hss 2001 Bryant Rd LP | Deed | $10M · Wesbanco Bk INC |
| Jan 2, 2020 | — | Sat LLC | — | Deed · related | $8.9M · Wesbanco Bk INC |
| Jan 25, 2017 | — | Sof X Hss 2001 Bryant Rd LP | — | Deed · related | $10.4M · Bank Of America NA |
| Apr 10, 2015 | $9,616,200 | Sof X Hss 2001 Bryant Rd LP | 2001 Bryant Rd LLC | Deed | — |
Description
This exceptional 74,415 square foot Hyatt Place hotel in Lexington, KY, presents a compelling investment opportunity. Built in 2008, this six-story, 127-key property sits on a 2.73-acre lot and boasts a strong location near key attractions, including the Kentucky Horse Park, Lexington Convention Center, and the University of Kentucky. The hotel's strategic position benefits from the thriving Lexington economy, fueled by diverse industries such as manufacturing, technology, and higher education. With a current occupancy rate of 60.8% (as of September 30, 2024), the property generates a Net Operating Income (NOI) of $981,105. The asking price is $15,700,000, translating to $210.98 per square foot and $123,622.05 per key. Further enhancing its long-term potential are significant nearby developments, including a $300 million investment in new hospitals and medical facilities. This fee-simple ownership offers a chance to capitalize on Lexington's dynamic market, situated in the heart of Kentucky's Bluegrass region, known for its rich thoroughbred horse racing, bourbon distilleries, automotive industry, and the University of Kentucky. The property offers a quality building with great amenities, making it an attractive option for investors seeking exposure to a robust and diverse market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,260,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $16,435,000
- MEDICAL BUILDING
- $15,305,000
- OFFICE BUILDING
- $14,650,000
- RETAIL STORES
- $14,415,000
- WAREHOUSE, STORAGE
- $12,990,000
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4107
- Latitude
- 38.0189
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
