Hotels for Sale

Comfort Suites Lexington, KY

Address:
Lexington, Kentucky
Description:

UNDER CONTRACT

  • Fee-simple interest in the institutionally owned and third-party managed 72-room Comfort Suites Lexington offered at a fraction of replacement cost
  • Property offered for sale through Ten-X in the March 21st auction
  • Available unencumbered of debt and third-party management with the ability to retain the Comfort Suites brand
  • Minimal change of ownership PIP expected with approximately $1.25MM (~$17k per key) of renovation completed in recent years
  • Situated adjacent to the intersection of Route 68 and Route 4 with upwards of 50,000 vehicles passing the intersection daily
  • Optimal location just southwest of downtown Lexington with easy accessibility to the University of Kentucky (the area’s largest employer)
  • Within walking distance of numerous full-service nationally recognized restaurants
  • Proximate to all broader Lexington demand including KentuckyOne Health, Xerox, Lexmark, Baptist Health, and Blue Grass Airport

Listing Agents

Adam Montufar
T: 515.446.4181
Email

Mike Schlictman
T | 803.920.4173
Email

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