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presented by:
Anish Shah614.678.5505anish.shah@e-merge.com
e-Merge Real Estate Commercial12910 Stonecreek DrPickerington, OH 43147614.678.5505e-mergerealestatecommercial.com
Hospitality Offering For Sale
Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!!
260 Jackson Pike, Gallipolis, OH 45631
PROPERTY INFORMATION 3
LOCATION INFORMATION 8
FINANCIAL ANALYSIS 13
SALE COMPARABLES 17
RENT COMPARABLES 21
DEMOGRAPHICS 25
ADVISOR BIOS 27
2 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
Hospitality Offering For Sale
Table Of Contents
CONTENTSCONFIDENTIALITY & DISCLAIMERAll materials and information received or derived from e-Merge Real Estate Commercial, LLC itsdirectors, officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the property for anyparty’s intended use or any and all other matters.
Neither e-Merge Real Estate Commercial, LLC its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whether writtenor verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. e-Merge Real EstateCommercial, LLC will not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all informationand to conduct their own inspections and investigations including through appropriate third partyindependent professionals selected by such party. All financial data should be verified by the partyincluding by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. e-Merge Real Estate Commercial, LLC makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions.e-Merge Real Estate Commercial, LLC does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that used forfinancial modeling purposes, may differ from actual data or performance. Any estimates of market rentsand/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussedby the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by e-Merge Real Estate Commercial, LLC in compliance with allapplicable fair housing and equal opportunity laws.
Hospitality Offering For Sale
PROPERTY INFORMATIONSection 1
4 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
OFFERING SUMMARY
Sale Price: $1,650,000
Lot Size: 0 Acres
Year Built: 1977
Building Size: 0 SF
Renovated: 2018
Price / SF: -
Award Winning Hotel of the year in entire Knights Inn System 2016-2017 !!!Fee SimplePotential conversion opportunity to Travel Lodge or Days Inn by Wyndham
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• - upgraded TVs (39" & 42")
• - desk lamps with USB plugs
• - Onity / Tesa electronic locks
• - New guest room furniture in 2017 & 2018
• - Green Suites certified
• - New ice machines
• - New flooring in lobby / welcome area in 2014
• - New roof replaced in 2012 (rubber) with 25 year warranty in place
• - New hot water tank June 2019
• - Sustained demand generators through Sep, Oct, Nov months with many annual repeat guests
• - Minimal PIP with Knights Inn
Hospitality Offering For Sale
Executive Summary
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 5
Award Winning Hotel of the year in entire Knights Inn System 2016-2017 !!!Fee SimplePotential conversion opportunity to Travel Lodge or Days Inn by Wyndham
PROPERTY OVERVIEW
Conveniently located off Highway 35 within walking distance of the Gallia County Junior Fairgrounds host to theannual fair as well as several museums, wineries, restaurants, and parks. Bob Evans Farms 8 miles, Point Pleasant,WV 6 miles, next to Holzer Medical Complex, Gavin Power plant 15 mins, Kyger Creek Power plant 15 mins,Electrocraft plant 3 miles, University of Rio Grande 8 miles, 1 hour from Huntington, WV Charleston, WV, Athens,OH, Chillicothe, OH & 2 hours from Cincinnati and Columbus OH.
LOCATION OVERVIEW
Hospitality Offering For Sale
Property Description
6 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
LOCATION INFORMATION
Building Name Knights Inn - Award winning hotel of theyear 2016-2017 !!!
Street Address 260 Jackson Pike
City, State, Zip Gallipolis, OH 45631
County Gallia
Signal Intersection No
BUILDING INFORMATION
Number Of Floors 2
Year Built 1977
Year Last Renovated 2018
Free Standing No
PROPERTY HIGHLIGHTS
• - upgraded TVs (39" & 42")
• - desk lamps with USB plugs
• - Onity / Tesa electronic locks
• - New guest room furniture in 2017 & 2018
• - Green Suites certified
• - New ice machines
• - New flooring in lobby / welcome area in 2014
• - New roof replaced in 2012 (rubber) with 25 year warranty in place
• - New hot water tank June 2019
• - Sustained demand generators through Sep, Oct, Nov months with many annual repeatguests
• - Minimal PIP with Knights Inn
Hospitality Offering For Sale
Complete Highlights
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 7
Hospitality Offering For Sale
Additional Photos
Hospitality Offering For Sale
LOCATION INFORMATIONSection 2
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 9
Gallipolis, OH
Hospitality Offering For Sale
Regional Map
10 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
Hospitality Offering For Sale
Location Maps
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 11
Hospitality Offering For Sale
Aerial Maps
12 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
Hospitality Offering For Sale
Site Plan
Hospitality Offering For Sale
FINANCIAL ANALYSISSection 3
14 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
INVESTMENT OVERVIEW
Price $1,650,000Price per Room $34,375RevPAR -ADR -CAP Rate -Cash-on-Cash Return (yr 1) - %Total Return (yr 1) -Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income -Operating Expenses -Net Operating Income -Pre-Tax Cash Flow -
FINANCING DATA
Down Payment -Loan Amount -Debt Service -Debt Service Monthly -
Hospitality Offering For Sale
Financial Summary
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 15
INVESTMENT OVERVIEW
Principal Reduction (yr 1) -
Hospitality Offering For Sale
Financial Summary
16 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
INCOME SUMMARY
Gross Income -
EXPENSE SUMMARY
Gross Expenses -
Net Operating Income -
Hospitality Offering For Sale
Income & Expenses
Hospitality Offering For Sale
SALE COMPARABLESSection 4
18 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
Hospitality Offering For Sale
Sale Comps
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 19
SUBJECT PROPERTY PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS
Knights Inn - Award winning hotel of
the year 2016-2017 !!!
260 Jackson Pike
Gallipolis, OH 45631
$1,650,000 0 SF $34,375 - - 48
SALE COMPS PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS CLOSE
PRICE BLDG SF PRICE/ROOM REVPAR CAP # OF ROOMS CLOSE
Totals/Averages $ SF Liquid error: divided by 0 0.0%
Hospitality Offering For Sale
Sale Comps Summary
20 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
260 Jackson Pike | Gallipolis, OH 45631SUBJECT PROPERTY
Hospitality Offering For Sale
Sale Comps Map
Hospitality Offering For Sale
RENT COMPARABLESSection 5
22 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
Hospitality Offering For Sale
Rent Comps
E-MERGE REAL ESTATE COMMERCIAL 260 Jackson Pike, Gallipolis, OH 45631 Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! | 23
SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %
Knights Inn - Award winning hotel of
the year 2016-2017 !!!
260 Jackson Pike
Gallipolis, OH 45631
N/A 0 SF 0 SF 48 -
RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %
PRICE/SF/YR AVAILABLE SF BLDG SF # OF ROOMS OCCUPANCY %
Totals/Averages - - - - -
Hospitality Offering For Sale
Rent Comps Summary
24 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
260 Jackson Pike | Gallipolis, OH 45631SUBJECT PROPERTY
Hospitality Offering For Sale
Rent Comps Map
Hospitality Offering For Sale
DEMOGRAPHICSSection 6
26 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
POPULATION 1 MILE 5 MILES 10 MILES
Total population 489 12,228 33,557
Median age 39.5 42.4 40.5
Median age (Male) 34.5 39.8 37.8
Median age (Female) 41.1 42.4 41.4
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 192 4,967 13,429
# of persons per HH 2.5 2.5 2.5
Average HH income $53,989 $51,843 $51,576
Average house value $107,894 $110,846 $110,004
* Demographic data derived from 2010 US Census
Hospitality Offering For Sale
Demographics Map & Report
Hospitality Offering For Sale
ADVISOR BIOSSection 7
28 | Knights Inn - Award Winning Hotel Of The Year 2016-2017 !!! 260 Jackson Pike, Gallipolis, OH 45631 E-MERGE REAL ESTATE COMMERCIAL
ANISH SHAH
Agent - Commercial Group Hotel Specialist
anish.shah@e-merge.comDirect: 614.678.5505 | Cell: 740.972.6997
E-MERGE REAL ESTATE COMMERCIAL12910 Stonecreek Dr
Pickerington, OH 43147614.678.5505
Hospitality Offering For Sale
Advisor Bio 1
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