Brand New Sleep Inn - Mainstay

Hospitality for Sale
Catylist Listing ID: 30716433
Property Subtypes: Hotel, Motel
Building Status: Under Construction
Number of Units: 71 Units
Building Size (RSF): 42,342 SF
Gross Building Area: See Agent
Gross Land Area: 1.70 Acres
Sale Price: See Agent
Property Use Type: Investment
Franchised Business: Yes
Franchise Parent Name: Sleep Inn - Mainstay
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2022

Overview / Comments

The brand new Sleep Inn - Mainstay is a dual brand offering with a proposed opening of June 2021. This asset will be a four story hotel with 71 guest rooms and premium finishes inclusive of a meeting room, exercise room, business center, food pantry, pool, guest laundry, and outdoor seating area with grills.

Brand New Turn Key Dual Brand Sleep Inn - Mainstay
ROOMS - Sleep Inn - 42 | Mainstay (Extended Stay) - 29
Proposed Opening June 2021
Located in Scott County, KY (Kentucky's Fast Growing County)

Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 162-20-005.000
Zoning: B-2
Property Located Between: Cincinnati, OH & Lexington, KY
Property Visibility: Excellent
Highway Access: I-75
Area Description: The Brand New Sleep Inn / Mainstay Hotel sits near the exit of Interstate 75, located in Scott County at 407 Cherry Blossom Trail, Georgetown, KY. Georgetown, Kentucky, 10 miles north of Lexington off I-75, is the county seat of Scott County as well as the home of Georgetown College, a private liberal arts college. Georgetown is very proud of its heritage and excited about the tremendous growth the city has experienced in the last few years. Scott County is the fastest growing county in Kentucky with population now exceeding 57,000 per the US Census Bureau estimate. Toyota Manufacturing has shown long term commitment to the city by investing $1.3B into their plant. Georgetown offers downtown shopping and shopping malls, restaurants, recreation, sports, beautiful surroundings, and Georgetown College.
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Excellent
Year Built: 2021

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,010 23,865
Median Age: 35.1 34.96
Households: 2,115 8,628
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