Listing Agents
Omari Head
T | 773.315.5704
ohead@paramountlodging.com
Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com
Detailed Information
Location
Property Highlights
- Leasehold interest in the institutionally owned and third party managed 66-room Fairfield Inn & Suites Clairsville OH
- Unencumbered by third-party management with an opportunity to retain the Fairfield brand through a long-term relicense agreement with Marriott
- Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
- Significant operating improvement prospects following the completion of the PIP and transferring to a regional owner/operator model
- Proximate to the proposed $6B – 400 acre Cracker Plant on the Ohio River creating more than 6,000 jobs
- Readily accessible to all local energy and manufacturing demand including Stingray Energy Services, Murray Energy, Nickles Bakery and United Dairy
- Centrally located to 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 6,00 students
- Proximate to all healthcare demand including the 223-bed Wheeling Hospital, 140-bed East Ohio Regional Hospital, and the under-construction Trinity Hospital
- Strong regional leisure demand includes WesBanco Arena, Carriage House Museum, Capitol Theatre, and Wheeling Island Casino and Racetrack, which features 1,400 slots, 20 table games, and a nine-table poker room
- Opportune time to be investing in St. Clairsville OH – Wheeling area withing the Pittsburgh MSA diversified across healthcare, energy and higher education