Fairfield Inn & Suites St. Clairsville, OH

• Leasehold interest in the institutionally-owned, recently renovated, and third-party managed 66-room Fairfield Inn & Suites St. Clairsville, Ohio
• Unencumbered by third-party management with an opportunity to retain the Fairfield brand for the remaining term with no PIP costs
• Potential opportunity to convert following short term licensure with Marriott and recoup investment through hands-on management / cash flow

LOCATION SUMMARY

• Strategically located off I-70 allowing easy access to regional markets with over 50,000 vehicles passing the location daily
• Significant operating improvement prospects following transferring to a regional owner/operator model with strong local economies of scale
• Located near all local university demand, including Wheeling Jesuit University, West Liberty University, West Virginia Northern Community College, Belmont College, and Ohio University Eastern Campus, accounting for 6,000 students
• Proximate to all healthcare demand, including the 223-bed Wheeling Hospital, 140-bed East Ohio Regional Hospital, and the under-construction Trinity Hospital
• Situated near all area corporate demand, including Riesbeck’s food Markets headquartered in St. Clairsville, Stingray Energy Services, and American Consolidated Natural Resources, Inc.
• Strong area regional leisure demand includes WesBanco Arena, Carriage House Museum, Capitol Theatre, Belmont County Fairgrounds, and Wheeling Island Casino and Racetrack, which features 1,400 slots, 20 table games, and a 9-table poker room