Knights Inn - Award Winning Hotel Of The Year 2016-2017 · Award Winning Hotel of the year in...

presented by:

Anish [email protected]

e-Merge Real Estate Commercial12910 Stonecreek DrPickerington, OH 43147614.678.5505e-mergerealestatecommercial.com

Hospitality Offering For Sale

Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!!

260 Jackson Pike, Gallipolis, OH 45631

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 13

SALE COMPARABLES 17

RENT COMPARABLES 21

DEMOGRAPHICS 25

ADVISOR BIOS 27

2 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL


Table Of Contents

CONTENTSCONFIDENTIALITY & DISCLAIMERAll materials and information received or derived from e-Merge Real Estate Commercial, LLC itsdirectors, officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the property for anyparty’s intended use or any and all other matters.

Neither e-Merge Real Estate Commercial, LLC its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whether writtenor verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. e-Merge Real EstateCommercial, LLC will not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all informationand to conduct their own inspections and investigations including through appropriate third partyindependent professionals selected by such party. All financial data should be verified by the partyincluding by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. e-Merge Real Estate Commercial, LLC makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions.e-Merge Real Estate Commercial, LLC does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that used forfinancial modeling purposes, may differ from actual data or performance. Any estimates of market rentsand/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussedby the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by e-Merge Real Estate Commercial, LLC in compliance with allapplicable fair housing and equal opportunity laws.


PROPERTY INFORMATIONSection 1


OFFERING SUMMARY

Sale Price: $1,650,000

Lot Size: 0 Acres

Year Built: 1977

Building Size: 0 SF

Renovated: 2018

Price / SF: -

Award Winning Hotel of the year in entire Knights Inn System 2016-2017 !!!Fee SimplePotential conversion opportunity to Travel Lodge or Days Inn by Wyndham

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• - upgraded TVs (39" & 42")

• - desk lamps with USB plugs

• - Onity / Tesa electronic locks

• - New guest room furniture in 2017 & 2018

• - Green Suites certified

• - New ice machines

• - New flooring in lobby / welcome area in 2014

• - New roof replaced in 2012 (rubber) with 25 year warranty in place

• - New hot water tank June 2019

• - Sustained demand generators through Sep, Oct, Nov months with many annual repeat guests

• - Minimal PIP with Knights Inn


Executive Summary

E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 5

Award Winning Hotel of the year in entire Knights Inn System 2016-2017 !!!Fee SimplePotential conversion opportunity to Travel Lodge or Days Inn by Wyndham

PROPERTY OVERVIEW

Conveniently located off Highway 35 within walking distance of the Gallia County Junior Fairgrounds host to theannual fair as well as several museums, wineries, restaurants, and parks. Bob Evans Farms 8 miles, Point Pleasant,WV 6 miles, next to Holzer Medical Complex, Gavin Power plant 15 mins, Kyger Creek Power plant 15 mins,Electrocraft plant 3 miles, University of Rio Grande 8 miles, 1 hour from Huntington, WV Charleston, WV, Athens,OH, Chillicothe, OH & 2 hours from Cincinnati and Columbus OH.

LOCATION OVERVIEW


Property Description


LOCATION INFORMATION

Building Name Knights Inn - Award winning hotel of theyear 2016-2017 !!!

Street Address 260 Jackson Pike

City, State, Zip Gallipolis, OH 45631

County Gallia

Signal Intersection No

BUILDING INFORMATION

Number Of Floors 2

Year Built 1977

Year Last Renovated 2018

Free Standing No

PROPERTY HIGHLIGHTS

• - upgraded TVs (39" & 42")

• - desk lamps with USB plugs

• - Onity / Tesa electronic locks

• - New guest room furniture in 2017 & 2018

• - Green Suites certified

• - New ice machines

• - New flooring in lobby / welcome area in 2014

• - New roof replaced in 2012 (rubber) with 25 year warranty in place

• - New hot water tank June 2019

• - Sustained demand generators through Sep, Oct, Nov months with many annual repeatguests

• - Minimal PIP with Knights Inn


Complete Highlights



Additional Photos


LOCATION INFORMATIONSection 2


Gallipolis, OH


Regional Map



Location Maps



Aerial Maps



Site Plan


FINANCIAL ANALYSISSection 3


INVESTMENT OVERVIEW

Price $1,650,000Price per Room $34,375RevPAR -ADR -CAP Rate -Cash-on-Cash Return (yr 1) - %Total Return (yr 1) -Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income -Pre-Tax Cash Flow -

FINANCING DATA

Down Payment -Loan Amount -Debt Service -Debt Service Monthly -


Financial Summary


INVESTMENT OVERVIEW

Principal Reduction (yr 1) -


Financial Summary


INCOME SUMMARY

Gross Income -

EXPENSE SUMMARY

Gross Expenses -

Net Operating Income -


Income & Expenses


SALE COMPARABLESSection 4



Sale Comps


SUBJECT PROPERTY PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS

Knights Inn - Award winning hotel of

the year 2016-2017 !!!

260 Jackson Pike

Gallipolis, OH 45631

$1,650,000 0 SF $34,375 - - 48

SALE COMPS PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS CLOSE

PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS CLOSE

Totals/Averages $ SF Liquid error: divided by 0 0.0%


Sale Comps Summary


260 Jackson Pike | Gallipolis, OH 45631SUBJECT PROPERTY


Sale Comps Map


RENT COMPARABLESSection 5



Rent Comps


SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %

Knights Inn - Award winning hotel of

the year 2016-2017 !!!

260 Jackson Pike

Gallipolis, OH 45631

N/A 0 SF 0 SF 48 -

RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %

PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %

Totals/Averages - - - - -


Rent Comps Summary


260 Jackson Pike | Gallipolis, OH 45631SUBJECT PROPERTY


Rent Comps Map


DEMOGRAPHICSSection 6


POPULATION 1 MILE 5 MILES 10 MILES

Total population 489 12,228 33,557

Median age 39.5 42.4 40.5

Median age (Male) 34.5 39.8 37.8

Median age (Female) 41.1 42.4 41.4

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 192 4,967 13,429

# of persons per HH 2.5 2.5 2.5

Average HH income $53,989 $51,843 $51,576

Average house value $107,894 $110,846 $110,004

* Demographic data derived from 2010 US Census


Demographics Map & Report


ADVISOR BIOSSection 7


ANISH SHAH

Agent - Commercial Group Hotel Specialist

[email protected]: 614.678.5505 | Cell: 740.972.6997

E-MERGE REAL ESTATE COMMERCIAL12910 Stonecreek Dr

Pickerington, OH 43147614.678.5505


Advisor Bio 1

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Knights Inn - Award Winning Hotel Of The Year 2016-2017 · Award Winning Hotel of the year in...

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