Residence Inn


Price:
$6,950,000

[Currently Under Agreement]

Address :
3900 Coleman Crossing Circle
Paducah, KY 42001


  •  Paducah, KY services over 96,000 people in the Kentucky and Illinois region
  •  History of outperforming the competitive set in terms of occupancy and RevPAR
  •  Solid historical performer with increasing 2021 room revenues
  •  Residence Inn by Marriott is the best-performing brand in the extended stay segment
  •  Minimal new owner PIP expected
    View Map    View Aerial
  •  Paducah is the economic, educational, health care and cultural center for more than 96,000 people in Kentucky and Illinois.
  •  Interstate 24 crosses the Ohio River at Paducah, making the city a transportation hub for Kentucky and Indiana
  •  Paducah has a second crossing of the Ohio River via US 45.
  •  Close to Regional Demand Generators:
    •  0.7 Miles to Kentucky Oaks Mall
    •  3.9 Miles to Baptist Health Paducah
    •  4.7 Miles to National Museum of the American Quilter’s Society
    •  4.7 Miles to Yeiser Art Center
    •  4.8 Miles to Lower Town Arts District
    •  5 Miles to Luther F. Carson Four Rivers Center
    •  5.4 Miles to Barkley Regional Airport
    •  11 Miles to Ohio River
  •  3 Stories
  •  Interior Corridors
  •  Wood and Steel Frame Construction
  •  Brick Veneer and Vinyl Exterior Siding
  •  Pitched, Composition Shingle Roof
  •  Asphalt Parking Lot (76 Spaces)
  •  Complimentary Breakfast Area
  •  Sundry Shop
  •  Meeting Space
  •  Guest Laundry
  •  Business Center
  •  Fitness Center
  •  Indoor Pool and Hot Tub
  •  Wireless Internet
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2018
2019
2020
T-12Mos 7/21
Occupancy
73.2%
81.7%
61.1%
64.7%
Average Daily Rate
$100.79
$102.33
$100.24
$107.11
RevPar
$73.77
$83.56
$61.24
$69.29
Room Revenue
$1,998,116
$2,256,963
$1,654,155
$1,803,883
Net Operating Income
$801,558
$918,608
$620,357
$726,099
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!