Motel 6 Maryland Heights

$4,000,000

12330 Dorsett Road, Maryland Heights, MO 63043

Details

  • $4,000,000
  • Economy

Motel 6 Maryland Heights is a 136-room, interior corridor, limited service hotel. This three-story property was constructed in 1987, and is located directly off Interstate Highway 270 in Maryland Heights, a west central suburb of St. Louis, Missouri. The property features a meeting room, laundry facilities, wireless Internet access in public areas and outdoor self-parking. Each room is equipped with air conditioning, cable television, and a private bathroom. The deluxe rooms offer a microwave and refrigerator. The subject property was closed for several months while it underwent major property improvements. All rooms have new mattresses, paint, drapes, bathroom fixtures, countertops, flat screen TVs, and faux hardwood flooring. Thirty of the rooms are Phoenix PIP complete, with the remainder requiring new case goods only.

Motel 6 Maryland Heights is offered for sale at $4 million or $29,412 per room. The projected room revenue based on competitive set RevPAR, is assumed at $1,290,640 for Year 1 with a 33.8 percent NOI ratio.

 

Agent for this listing

Chris Gomes

Senior Managing Director Investments, National Hospitality Group
Office: (972) 755-5302
Mobile: (972) 786-2719
Fax: (972) 755-5210
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Dustin Robinett

Associate, National Hospitality Group
Office: (816) 410-1034
Mobile: (816) 547-8112
Fax: (816) 410-1020
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