For Auction
Asset Snapshot
Offering Summary
MBA Hotel Brokers, in conjunction with RI Marketplace, is pleased to offer the Econo Lodge located in Triadelphia, WV. This offering provides investors the opportunity to acquire a nationally franchised economy hotel within the Wheeling MSA, near a multitude of local demand generators and within easy reach of three additional major MSAs.
Triadelphia lies 50 miles from Pittsburgh, PA, and roughly 140 miles from both Cleveland, OH, and Columbus, OH in the Marcellus Shale region. The area’s economy is heavily driven by natural gas, with fracking activity resurging—reflected in recent revenue gains. The subject property is located off I-70, with excellent visibility from both directions. An estimated 52,000 vehicles pass through Triadelphia on Interstate 70 every day, with an estimated 7,100 vehicles exiting at Triadelphia. The hotel offers a considerable amount of upside potential relative to its competitive set. By restoring the F&B space, completing the PIP, and adopting a more hands-on ownership style, the property can boost top and bottom-line performance.
Property tours are available by appointment only on July 9th and 10th. Please reach out to John Downes (john@mbahotels.com) to schedule.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
