Microtel Inn & Suites by Wyndham Hazelton/Bruceton Mills

886 Casteel Road, Hazelton, WV 26525, US

Execute Confidentiality Agreement

THE OFFERING

Jennifer Stein Real Estate Inc., as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 59-key Microtel Inn & Suites by Wyndham Hazelton/Bruceton Mills, a limited-service hotel asset in Hazelton, West Virginia. At a price well below replacement cost, a more hands-on investor will have the ability to acquire a market-leading lodging facility in a stable yet opportunistic market, with the additional upside potential of enhancing and stabilizing the hotel’s operation following the completion of a change-of-ownership property improvement plan (PIP).

West Virginia North

Submarket

$3,400,000

Pricing Guidance

59

Keys

2007

Year Built

$81.00

Average Daily Rate

53.0%

Occupancy

$43.00

RevPAR

$921,123

Room Revenue

Financials as of Year-End;2024

PROPERTY HIGHLIGHTS

Ideal Opportunity for an Experienced Owner/Operator to Improve Performance and NOI Flow-Through

  • The 59-key count is considered an ideal size for an experienced owner/operator, offering new ownership a blank slate to ramp up operations post renovation and the ability to increase both revenues and NOI flow-through.

  • This historically market-leading hotel, averaging a 138.8% RevPAR penetration index since 2021, presents a compelling opportunity to acquire a well-established asset with a strong track record of performance.

Value-Add Potential Through PIP Completion

  • The hotel presents a significant opportunity for performance growth following the completion of a change-of-ownership PIP, enhancing both guest experience and operational efficiency.

  • Wyndham is offering $2,000 in key money to assist with renovations, underscoring its confidence in the long-term success and market strength of this asset.

  • Upon completion of the PIP, Wyndham is expected to offer a new, 10- or 15-year franchise license, providing long-term brand stability and continued access to its extensive reservation and marketing network.

Strong Interstate Location

  • The property is situated along a key interstate corridor, offering convenient access to nearby Morgantown, home to West Virginia University (WVU). WVU's Morgantown campus enrolls approximately 24,000 students and attracts visitors year-round for academic and sporting events, as well as conferences, providing steady demand for accommodations.

  • The hotel benefits from a high-traffic location that serves as a vital distribution and transportation hub. I-68 connects key regional markets, facilitating strong demand from commercial travelers, logistics operations, and leisure visitors commuting between major destinations, including Morgantown and beyond.

Discount to Replacement Cost

  • This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost at $58,000 per key.

Fully Unencumbered by Management

  • The hotel asset is being offered free and clear of any management encumbrances, providing an investor with the flexibility to revamp the operational strategies of the current management company.

MAP

CONTACT

Jennifer Stein Real Estate Inc.
Jennifer Stein
+1 (213) 446-5366
WyndhamWV@jdsreservices.com
WV license: WVB2203000840