Hotels for Sale

COURTYARD BY MARRIOTT PADUCAH, KY

Address:
Paducah, Kentucky
Description:
  • Fee simple interest in the lender involved, 100-room institutionally owned and third-party managed Courtyard by Marriott Paducah with the ability to retain the Courtyard flag via a long-term relicense agreement with Marriott
  • The property is concrete construction and being offered for sale at a substantial discount to replacement cost and unencumbered of debt and management
  • Significant operational upside through completion of the renovation with the property currently performing at 69% of the competitive set RevPAR index
  • Situated at the intersection of Interstate-24 and US Route 60 with upwards of 70,000 cars passing the location daily
  • Within walking distance of the 1.3MM square foot Kentucky Oaks Mall (the third largest mall in the state of Kentucky) and numerous full-service nationally recognized restaurants
  • Proximate to all local demand including Ingram Barge, Baptist Health, Lourdes Hospital, Murray State University, Pilgrim’s Pride, and the Paducah River Discovery Museum
  • Optimal time to be investing in Paducah with $25MM of planned redevelopment of the city’s waterfront including the modernization of current freight shipping capabilities making it the only Ohio River Maritime Port with ‘Container on Barge’ services

Listing Agents

Mike Schlictman
T | 803.920.4173
Email

Hussain Waseem
T | 773.526.8713
Email

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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