{[{ titleList[mType] }]}: {[{ m[0] }]}

Comfort Suites Lexington 3060 Fieldstone Way Lexington, KY 40513

Hotel
72 Rooms
82.20% Occupied
Map details are currently unavailable. Save this property and check back later.
Google Street View is not available for this property.
Video is not available for this property.
  • {[{altTagText}]}
Property Details (3060 Fieldstone Way, Lexington, KY 40513)
Asset Type Commercial
Participation Deposit $25,000
Property Comfort Suites Lexington
Property Description 72-Room Comfort Inn Located in Lexington, KY
Primary Property Type Hotel
Year Built 1998
Number of Buildings 1
Number of Rooms 72
Occupancy 82.2%
Occupancy As of Date 12/31/2017
Event Item # B231-454
Property ID 1000006515
Transaction Fee 5% of Winning Bid Amount (A minimum of $20,000 will apply)
  • Description
  • Due Diligence
Description for 3060 Fieldstone Way, Lexington, KY 40513

Property tours are available on the following dates by appointment. Please contact the listing broker to schedule a tour.
• February 20 & 21
• March 13 & 14

Investment Highlights:
• Fee-simple interest in the institutionally owned and third-party managed 72-room Comfort Suites Lexington offered at a fraction of replacement cost
• Property offered for sale through Ten-X in the March 21st auction
• Available unencumbered of debt and third-party management with the ability to retain the Comfort Suites brand
• Minimal change of ownership PIP expected with approximately $1.25MM (~$17k per key) of renovation completed in recent years
• Situated adjacent to the intersection of Route 68 and Route 4 with upwards of 50,000 vehicles passing the intersection daily
• Optimal location just southwest of downtown Lexington with easy accessibility to the University of Kentucky (the area’s largest employer)
• Within walking distance of numerous full-service nationally recognized restaurants
• Proximate to all broader Lexington demand including KentuckyOne Health, Xerox, Lexmark, Baptist Health, and Blue Grass Airport

Investment Overview:
Paramount Lodging Advisors (PLA) and Ten-X are pleased to exclusively present the opportunity to acquire the fee-simple interest in the Comfort Suites Lexington, Kentucky. Since 2014, the 72-room, three story hotel has undergone approximately $1.250MM or $17.4k per key in capital improvements.

Located at 3060 Fieldstone Way in Lexington, the property is proximate to all regional demand generators including the education, the University of Kentucky, which has an enrollment of approximately 30,000 students, several healthcare providers, including Central Baptist Hospital, KentuckyOne Health, and Saint Joseph Medical Center, and well renowned Fortune 500 Companies, such as Lexmark, which has its headquarters in Lexington, Toyota, and the Xerox Corporation.

Property Listed by: James S. Goldberg | KY RE License No. #177949 | plaauction8@paramountlodging.com | 312-402-2959

Auctioneer Licensing Information

Ten-X Adrian Strelzow RE Brkr 75140
Mark Buleziuk Auctioneer RP3242




Property Details


Contact


Open House Information


{[{primaryBannerText}]}

{[{value.name}]}

Redemption date of {[{value.description | auctionDate:'YYYY-MM-DD': "MMM DD, YYYY"}]}
  • Adam Montufar
  • Paramount Lodging Advisors
  • 515-446-4181
  • amontufar@paramountlodging.com
  • Contact
For auction related questions, contact:
  • Kirk Christensen
  • Ten-X
  • 949-672-3664
  • kirkc@ten-x.com
  • Contact
For registration, website, or transaction related questions, please call a Ten-X representative at (888) 770-7332.
Need Help?
Mon - Fri 6:00am - 6:00pm PT
Start Chat   or call (888) 770-7332
or visit Help Center
My Saved Assets
Log In or Create FREE Account to see your recent saved items.

Loading...

  • {[{asset.pdp_address}]} {[{asset.pdp_address}]}
You have no saved Assets.
Looking for more in Lexington, KY?
Want to learn more about commercial real estate for sale in Lexington, KY? View our various Lexington, KY property types, including multifamily properties (apartment buildings and complexes), retail properties & shopping centers, office buildings, warehouses & industrial properties, hotels & motels, mixed-use properties, self-storage facilities, mobile home parks, and land.