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4708 Winchester Ave
Ashland, KY 41101

Quality Inn Ashland · Hospitality Property For Sale · 18,368 SF

Investment Highlights

  • Two-Story, 54-Room, Midscale Hotel Built in 1997 and Renovated in 2019 and 2020
  • Located within the Huntington-Ashland Metropolitan Area
  • Offered Fee Simple, Unencumbered by Management Contract or Debt
  • Priced Below Replacement Cost at $44,444 Per Key
  • Excellent EBITDA of 43 Percent of Total Revenues

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 5.00 AC
Building Size 18,368 SF
Number of Floors 2
Year Built/Renovated 1997/2011
Tenancy Single
Parking Ratio 2.34/1,000 SF
Corridor Exterior

Amenities

  • Business Centre
  • Fitness Centre
  • High Speed Internet Access
  • Public Access Wi-Fi

About 4708 Winchester Ave , Ashland, KY 41101

Property Overview: The Quality Inn Ashland is a 54-room hotel that was built in 1997 and recently renovated in 2020. The Choice Hotels International-branded property features a sitting area, ?at-screen television, refrigerator, microwave, desk with ergonomic chair in each guest room. Select guest rooms include a two-person sofa bed, living room, and a two-person whirlpool. The common features include a convenience area, breakfast area, lobby, vending machines, meeting room, and business center. Location Overview: Ashland, Kentucky is located in the northeastern part of the state positioned in the tri-state region and borders Ohio (6.9 miles) and West Virginia (8.7 miles). The region is located on the southern banks of the Ohio River, and Quality Inn Ashland is located on 4708 Winchester Avenue. Top room demand generators include corporate lodging, re?neries, construction, and local attractions. The Catlettsburg Re?nery (5.5 miles) processes sweet and sour crude oils into gasoline, distillates, asphalt, aromatics, heavy fuel oil, and propane. The total crude oil re?ning capacity is 291,000 barrels per calendar day and in 2015 completed construction of a condensate splitter which increased the re?nery’s capacity to process from the Utica shale region. The recently revitalized downtown is 3.6 miles from the hotel and populated with locally-owned restaurants and retail. Broadway Square (3.1 miles) is a popular venue for arts and entertainment and framing the square is the largest building in the city, Community Trust Bank. Outdoor recreation is also sought-after including Central Park (3.1 miles) and the Riverfront Park (3.2 miles). Travelers have access to the Huntington Tri-State Airport (7.3 miles) and have two major airlines and coordinates travel for commercial airlines, air cargo, military, and general aviation traf?c.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
039-07-09-003.00
Land Assessment
£160,300
Improvements Assessment
£721,350
Total Assessment
£881,650

zoning

Zoning Code COMMERCIAL
COMMERCIAL
  • Listing ID: 24272559

  • Date on Market: 11/10/2021

  • Last Updated:

  • Address: 4708 Winchester Ave, Ashland, KY 41101

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