- 65-Room, Economy Hotel, Absentee Out-of-State Owner
- Well positioned with excellent visibility off Interstate 55 and located near several demand generators such as Toyoda Gosei, Sabreliner, and Gilster-Mary Lee
- Offered at a significant discount to replacement cost and provides a value-add opportunity for any owner-operator
- The hotel is offered fee simple, unencumbered by a management contract or debt
Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Days Inn by Wyndham Perryville. The Wyndham Hotels and Resorts-branded hotel is offered at $1,250,000 or $19,231.
The property sits on 3.03 acres in the center of the "Manufacturing Oasis" coined by Forbes Magazine. In addition, the hotel is near Interstate 55 at 1500 Liberty Street which contributes to the city's regional transport hub for goods and materials which supports over 15,000 vehicles per day.
This two-story, 65-room hotel presents the opportunity to acquire a value-add asset that sits within 20 miles of the region's top manufacturers. By benefitting from its location, a leading economic development authority, a business-friendly environment, and the nearby Mississippi River crossing into Illinois for miles the region is able to cultivate demand generators. Some noted manufacturers in the region include Toyoda Gosei, a plastic components manufacturing facility for automobiles, Sabreline, a manufacturer of aviation parts, Glister-Mary Lee, a cake mix and breakfast cereal producer, and Segiun Moreau, a white oak wine barrel manufacturer. In concert, these manufacturers contribute to the city's developed infrastructure.
The seller is currently operating the property out-of-state, absentee. The expenses include provisions for a 4 percent capital replacement. The hotel is offered fee simple, unencumbered by a management contract or debt.
The Days Inn by Wyndham Perryville is a 65-room, two-story hotel that was built in 1985. The Wyndham Hotels & Resorts-branded property features a business center, fitness center, bus/truck/RV parking, laundry facilities, and a meeting room. Each room offers a flat-screen television, microwave, and refrigerator.
Perryville, Missouri is located in the southeastern part of the state and 80 miles south of St. Louis. Forbes magazine has noted the region as a "Manufacturing Oasis" which generates room demand to the Days Inn by Wyndham Perryville. Several of these facilities are within a twenty-mile radius of the hotel and the region's success is partly because it being near the Mississippi River crossing into Illinois for miles and located on Interstate 55. The manufacturing facilities range from a Japanese Company, Toyoda Gosei, that's making plastic components for automobiles, the Sabreliner facility, that's making aviation parts, and the Seguin Monroe factory which produces 300 white oak wine barrels a day. In addition to the several factories, the city just announced the grand opening of the American Tractor Museum, highlighting tractors and equipment that was used in the late 1800s to the 1950s. The Caves in Perry County are also a popular destination for leisure travelers and generate room demand for the region.
Broker of Record
License: MO 2013016939