2001 Bryant Rd Lexington, KY 40509-9427

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.