Lender-Directed Sale – Wingate by Wyndham | 51130 National Rd E
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lender-Directed Sale – Wingate by Wyndham 51130 National Rd E
116 Hotel Rooms Online Auction Sale Saint Clairsville, OH 43950
You have won the auction!
Please check your email for next steps from the Contracts & Closing Team.
The bid amount you entered is less than the next minimum bid amount, please try again
Confirm your bid amount of
{{Auction.BidAmount}}
Investment Highlights
- Wingate by Wyndham Saint Clairsville Wheeling offers a performing 116-room hotel near a major interstate with significant value-add potential.
- Tour Dates Available November 19th and 20th. Schedule Through JLL.
- Near demand drivers, including the Ohio Valley Mall and the National Road Bike Trail, a popular tourist destination for outdoor enthusiasts.
- Popular amenities include an on-site restaurant and bar, a business center, a fitness center, a pool and hot tub, and two reservable meeting spaces.
- Visibility to I-70 and National Road E provides direct exposure to over 57,000 passing vehicles each day traveling between Pittsburgh and Columbus.
Executive Summary
JLL is pleased to exclusively present the opportunity to acquire the fee simple interest in the Wingate by Wyndham Saint Clairsville Wheeling at 51130 National Road E in Saint Clairsville, Ohio. This major flag hotel provides value-add investors with a performing hotel with significant upside through operational efficiencies.
This 116-room hotel was originally built on the 9.11-acre lot in 1976 and completed a full renovation in 2020. The property now boasts stunning large windows, a porte cochere, and a bright modern façade. Totaling 80,752 square feet across two stories, the property houses an on-site bar and Undo’s Italian restaurant. Other popular guest amenities include a business center, fitness center, pool, hot tub, and two meeting spaces. The property’s trailing 12-month occupancy, ADR, and RevPAR lag slightly behind submarket averages, presenting a strong opportunity for a value-add investor to bring performance in line with the region and increase profitability.
Fronting National Road and placed just off the confluence of Interstates 70 and 470, the Wingate by Wyndham Saint Clairsville Wheeling enjoys immense visibility to more than 57,000 passing vehicles each day. Interstate 70 is the main route connecting Columbus (two hours away) and Pittsburgh (one hour away). This vital arterial provides a consistent pool of travelers looking for convenient lodging. Additional traffic is drawn to the area by the Ohio Valley Mall, just across the freeway, and the National Road Bikeway, a popular tourist destination for outdoor enthusiasts.
Home to numerous hotels and dining options, the area has evolved into a thriving retail and hospitality cluster. The Wingate by Wyndham Saint Clairsville-Wheeling is one of the most popular and highly rated hotels in this hub, boasting a 4.5-star Google rating across more than 400 reviews.
Enhance any investment portfolio with the value-add hotel in a vital hospitality node at 51130 National Road E, the Wingate by Wyndham Saint Clairsville Wheeling.
Listed by Jon Vanderplough with JLL, OH License # 2005015674
This 116-room hotel was originally built on the 9.11-acre lot in 1976 and completed a full renovation in 2020. The property now boasts stunning large windows, a porte cochere, and a bright modern façade. Totaling 80,752 square feet across two stories, the property houses an on-site bar and Undo’s Italian restaurant. Other popular guest amenities include a business center, fitness center, pool, hot tub, and two meeting spaces. The property’s trailing 12-month occupancy, ADR, and RevPAR lag slightly behind submarket averages, presenting a strong opportunity for a value-add investor to bring performance in line with the region and increase profitability.
Fronting National Road and placed just off the confluence of Interstates 70 and 470, the Wingate by Wyndham Saint Clairsville Wheeling enjoys immense visibility to more than 57,000 passing vehicles each day. Interstate 70 is the main route connecting Columbus (two hours away) and Pittsburgh (one hour away). This vital arterial provides a consistent pool of travelers looking for convenient lodging. Additional traffic is drawn to the area by the Ohio Valley Mall, just across the freeway, and the National Road Bikeway, a popular tourist destination for outdoor enthusiasts.
Home to numerous hotels and dining options, the area has evolved into a thriving retail and hospitality cluster. The Wingate by Wyndham Saint Clairsville-Wheeling is one of the most popular and highly rated hotels in this hub, boasting a 4.5-star Google rating across more than 400 reviews.
Enhance any investment portfolio with the value-add hotel in a vital hospitality node at 51130 National Road E, the Wingate by Wyndham Saint Clairsville Wheeling.
Listed by Jon Vanderplough with JLL, OH License # 2005015674
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Historical Operating and Financials
- PIP
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- 2024
Property Facts
| Sale Type | Investment | Building Size | 80,752 SF |
| Sale Conditions | Auction Sale | No. Rooms | 116 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1976/2020 |
| Building Class | C | Parking Ratio | 2.76/1,000 SF |
| Lot Size | 8.81 AC | Corridor | Interior |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.81 AC |
| Building Size | 80,752 SF |
| No. Rooms | 116 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2020 |
| Parking Ratio | 2.76/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $161.00 | - |
| Guest Room | 115 | $141.00 | - |
PROPERTY TAXES
| Parcel Number | 32-01825-001 | Improvements Assessment | $1,280,340 |
| Land Assessment | $224,660 | Total Assessment | $1,505,000 |
PROPERTY TAXES
Parcel Number
32-01825-001
Land Assessment
$224,660
Improvements Assessment
$1,280,340
Total Assessment
$1,505,000
zoning
| Zoning Code | C |
| C |
Sale Advisors
Sale Advisors
Vasilis Halakos, Director, JLL Hotels & Hospitality
(302) 757-5761
Contact
Vasilis is Director for Jones Lang LaSalle’s investment sales hotel team in the New York City office tasked with developing the national select-service hotel division of JLL. In excess of platform development and client relations, Vasilis has been entrusted with deal execution, ensuring certainty of transaction for his clients.
After previously working in hotel operations and acquisitions, he completed a nearly 3-year stint of providing investment banking analysis and assisting the brokerage service division. In this role, he valued over $5.5 billion of hospitality assets while engaging in client support and transaction execution for hospitality acquisitions and dispositions. Since assisting with hotel transactions, he has executed on over 80 unique properties, valued at an estimated $1 billion, across the United States. Vasilis has experience completing both single asset and portfolio hotel transactions.
After previously working in hotel operations and acquisitions, he completed a nearly 3-year stint of providing investment banking analysis and assisting the brokerage service division. In this role, he valued over $5.5 billion of hospitality assets while engaging in client support and transaction execution for hospitality acquisitions and dispositions. Since assisting with hotel transactions, he has executed on over 80 unique properties, valued at an estimated $1 billion, across the United States. Vasilis has experience completing both single asset and portfolio hotel transactions.
Ketan Patel, Managing Director, JLL Hotels & Hospitality Group
(410) 598-7595
Contact
Ketan Patel is a Managing Director with JLL’s Hotels & Hospitality Select Service Investment Sales team in the Washington, D.C. office. Ketan is focused on growing JLL’s select service investment sales business nationally, as well as enhancing the firm’s hospitality presence in the Mid-Atlantic region.
Ketan has over 20 years of experience in the hospitality industry, 17 of which have been at brokerage firms where he has completed more than $3 billion in hotel transactions across the U.S. He has experience completing single asset and portfolio transactions consisting of both full and select service hotels.
Prior to joining JLL, Ketan was a Managing Director and principal broker representing the Mid-Atlantic and Northeast for HREC Investment Advisors. In this role, he closed more than 190 transactions totaling over $2.0 billion in volume and was consistently the highest-producing broker at the firm for the last five years. Ketan has developed new relationships and nurtured existing ones with hotel owners/operators, including a variety of institutional clients across the country with a focus on the East Coast. In addition, he was involved in the valuation of individual and portfolios of hotel assets for clients ranging from limited service to large full-service hotels.
Patel received his Bachelor of Science in Finance and Decision and Information Science from the Robert H. Smith School of Business at the University of Maryland, College Park, Maryland.
Ketan has over 20 years of experience in the hospitality industry, 17 of which have been at brokerage firms where he has completed more than $3 billion in hotel transactions across the U.S. He has experience completing single asset and portfolio transactions consisting of both full and select service hotels.
Prior to joining JLL, Ketan was a Managing Director and principal broker representing the Mid-Atlantic and Northeast for HREC Investment Advisors. In this role, he closed more than 190 transactions totaling over $2.0 billion in volume and was consistently the highest-producing broker at the firm for the last five years. Ketan has developed new relationships and nurtured existing ones with hotel owners/operators, including a variety of institutional clients across the country with a focus on the East Coast. In addition, he was involved in the valuation of individual and portfolios of hotel assets for clients ranging from limited service to large full-service hotels.
Patel received his Bachelor of Science in Finance and Decision and Information Science from the Robert H. Smith School of Business at the University of Maryland, College Park, Maryland.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
-
Vasilis Halakos -
Power Broker Ketan Patel -
JLL
1 of 33
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
Presented by
Lender-Directed Sale – Wingate by Wyndham | 51130 National Rd E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Lender-Directed Sale – Wingate by Wyndham | 51130 National Rd E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.