Avison Young Lists Fairfield Inn - Owensboro, KY

Fairfield Inn & Suites INAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Fairfield Inn (hereinafter "Property", or "Hotel"), a select service hotel located in Owensboro, Kentucky. 

The Property is located in Owensboro, the fourth largest city in the state of Kentucky. Situated on a scenic bend of the Ohio River, the city is home to over 20 annual fesitvals and events, making Owensboro the "festival city" of Kentucky. The Property is just minutes away from several Owensboro attractions, including the RiverPark Center, the International Bluegrass Museum, the Owensboro Museum of Fine Arts, and several others. The Hotel is an eight minute drive from Brescia University, an Owensboro Community & Technical College. The Owensboro campus of Western Kentucky University is within five minutes of the Hotel, as is the Kentucky Wesleyan University. The Property is located minutes from the Owensboro-Davies County Regional Airport, which has flights from two airlines: Allegiant Air and Cape Air.

The Property is a four-story, interior corridor hotel which was opend in August 1997; room renovations occured in 2015. The Hotel has a lobby, reception and breakfast area, convenience store, guest laundry facilities, valet dry cleaning, safe deposit boxes, an indoor pool, fitness center, and hotel-wide WiFi Internet access. The Property offers 97 nonsmoking guestrooms with king and double beds that include flat-screen televisions, work desk, WiFi, microwave, mini-refrigerator, and coffee maker. Fairfield Inn by Marriott standard amenities are provided in all guestrooms. 

Property Highlights

  • Excellent brand
  • Recently renovated property in excellent condition
  • Minimal PIP
  • Priced well below replacement cost
  • Desirable ALL IN cap rate
  • Easily accessible location off beltway US 60
  • Excellent visibility
  • Major highway access
  • Strong corporate base
  • Growing corporate and industrial base
  • Proven performer with long term stability
  • Proximate to the $335M Gateway Commons Lifestyle Center
  • Owensboro considered the #1 Sports Town in Kentucky (Sports Illustrated)

Financial Highlights

  • Price- $7,900,00
  • Price per Key- $81,443
  • Number of Rooms- 97

For more information on this listing contact Rick George at rick.george@avisonyoung.com or 312-434-2430

published: 04-04-2017

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