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Microtel Inn & Suites by Wyndham Hazelton/Bruceton Mills – Image Credit HVS
Jennifer Stein Real Estate Inc. presents an exclusive opportunity to acquire the Microtel Inn & Suites by Wyndham Hazelton/Bruceton Mills, a 59-key limited-service hotel asset in Hazelton, West Virginia. The property is available at a price significantly below replacement cost, offering a promising opportunity for a hands-on investor.
The Microtel Inn & Suites by Wyndham Hazelton/Bruceton Mills, a 59-key limited-service hotel in Hazelton, West Virginia, is available for acquisition. Jennifer Stein Real Estate Inc., the exclusive advisory firm to the current ownership, is presenting this opportunity. The asset is priced below replacement cost, offering a potentially lucrative opportunity for an investor willing to take a hands-on approach.
A key selling point of the property is its market-leading status in a stable yet opportunistic market. An interested investor could further enhance the hotel’s operation by implementing a change-of-ownership property improvement plan (PIP).
The 59-key count is ideal for an experienced operator, providing an opportunity to increase revenues and net operating income (NOI) flow-through post-renovation. The hotel has historically led the market, averaging a 138.8% RevPAR penetration index since 2021, making it a well-established asset with a solid performance track record.
The hotel asset presents a substantial opportunity for performance growth following the completion of a PIP, which would enhance guest experience and operational efficiency. Wyndham has expressed confidence in the asset’s long-term success by offering $2,000 in key money to assist with renovations. Upon completion of the PIP, Wyndham is expected to offer a new 10- or 15-year franchise license, ensuring long-term brand stability and continued access to its extensive reservation and marketing network.
Positioned along a key interstate corridor, the hotel offers 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 and conferences. This location benefits from high traffic and serves as a vital distribution and transportation hub. I-68 connects key regional markets, generating strong demand from commercial travelers, logistics operations, and leisure visitors commuting between major destinations, including Morgantown and beyond.
Another major selling point is the opportunity to acquire this property at a price well below replacement cost, at $58,000 per key. Moreover, the hotel asset is offered free and clear of any management encumbrances, allowing an investor the flexibility to revamp the operational strategies of the current management company. This unique feature paves the way for potential investors to make strategic changes that could optimize the hotel’s operations, thereby maximizing return on investment.
Inquire at HVS.
