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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F3034c3c8-9fb5-4082-8f47-34470315de39%2Fdd51a648-3b40-4633-a4bd-d505120d06b5" onerror="this.style.display='none'" alt="Fairfield Inn &amp; Suites Fairmont Image" style="object-fit: cover; width: 200px;" />
 Hotel &amp; Hospitality 
 
 Fairfield Inn &amp; Suites Fairmont
 
 Fairmont, WV 
 By Colliers

 <a href="/user/6d539dba-4f9e-4ee2-9028-192eeb2d3a8f" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Prashant Merchant</a>
 
 Executive Vice President
 
 
 <a href="tel:804 441 7722" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">804 441 7722</a>
 

 <a href="https://platform.reverecre.com/project/3034c3c8-9fb5-4082-8f47-34470315de39" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Executive Vice President

Vice President

Fee Simple Interest in the Limited-Service, Three-Story, 84- Room, Fairfield Inn & Suites by Marriott located in Fairmont, West Virginia (Morgantown MSA)

Consistent Two-Year Average Room Revenue of Nearly $2,000,000

Premier Franchise Affiliation with Marriott Family of Brands: Purchaser can Seek to Relicense with Marriott Upon Completion of a Relicensing PIP

Alternative Branding Options Available | Potential Key Money Incentives Available for the Comfort Inn & Suites Brand by Choice Hotels

Immediately Adjacent to the Middletown Mall Expansion and I-79 Technology Park

12 Miles from the FBS CJIS Division Headquarters and 22 Miles from WVU Morgantown

Underperforming Property with Significant Upside: RevPAR Penetration Index of 82% | ADR Penetration Index of 87%

Located at the Crossroads of Interstate 79 (46,513 VPD) and Route 250 (27,291 VPD)

Sales Team

Colliers, as an exclusive representative of the ownership, is pleased to present to qualified investors for their acquisition consideration the Fairfield Inn & Suites of Fairmont, West Virginia. The subject property in an 84-room interior-corridor asset located in Fairmont, West Virginia, just south of Morgantown. The property sits on a 2.78-acre lot at the crossroads of Interstate Highway 79 (46,513 VPD) and Route 250 (27,921 VPD). The asset was constructed in 2004.

Prashant Merchant is an Executive Vice President with Colliers specializing in hospitality investment sales. Prashant provides his clients access to the largest pool of qualified investors locally, nationally, and internationally, creating maximum exposure for their properties and a competitive bidding environment. He is committed to the highest level of client service with direct involvement in every transaction, including franchise negotiation and financing.

Prior to joining Colliers in 2021, Prashant was a Vice President at Marcus & Millichap and a Director at their National Hospitality Group, where he was consistently ranked in the firm’s top 10 producers. Prashant has ranked as Colliers Richmond’s #1 Top Producer in 2022, and #3 in 2021. Before becoming a real estate salesperson in 2016, Prashant had been involved as an entrepreneur in transacting sales, refinances, and DPOs of multiple properties. Property types include Limited-Service, Full-Service, and Boutique Hotels affiliated with multiple brands. Prashant has worked with lenders, franchises, buyers, and sellers from around the country and produced results for his own businesses. He now delivers real time information to his clients about the hotel/motel market conditions and the best ways to capitalize on forward-looking trends. Prashant is fluent in English, Hindi, Gujarati, and Marathi.

The team has achieved more than $400 million in sales volume across the United States. They focus on exclusive seller representation and on the analysis and disposition of hotels and motels in the Mid-Atlantic, Midwest, and Southeast markets.

Overview

Investment Highlights

Photo Gallery

Sales Team

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