FOR SALE: HOTEL AND CONFERENCE CENTER IN MORGANTOWN, WV RETAINS M&A SPECIALIST, EQUITY PARTNERS HG

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FOR IMMEDIATE RELEASE

Contact:

Fred Cross

1-866-969-1115x2                                                                                    FCross@EquityPartnersHG.com

 January 9, 2018 – Morgantown, WV – By authority of the U.S. Bankruptcy Court of the Northern District of West Virginia, Equity Partners HG has been retained to seek a buyer for a hotel and conference center located in Morgantown, WV, formerly known as the "Ramada Morgantown Hotel and Conference Center" (“The Hotel”). Built in 1974, The Hotel is located at the intersection on I-79 and I-68 on a knoll with beautiful 360-degree views.  The property currently consists of a single tract, totaling 9.9 acres, but could be subdivided to create additional development opportunities.  West Virginia University campus and stadium is less than 4 miles from the conference center.The Hotel has been family owned and operated since 1974.  The hotel features 149 full service rooms, a large tavern and restaurant and 11 conference room/ballroom spaces for weddings and other events.   Morgantown is a hotbed of growth, with one of the lowest unemployment rates in the nation for the past 5 years. It is the fastest growing city in West Virginia, and were it located in Pennsylvania, just a few miles to the north, it would be the fastest growing city in Pennsylvania. Morgantown’s growth is expected to continue and likely accelerate. This site is located just outside the Morgantown city limits and is free of development entitlements, while still benefiting from public infrastructure: water, electric, gas, sewage, and public transportation.  Nearby outdoor attractions include Cheat Lake and River, Lakeview Golf Resort & Spa, Ohiopyle State Park, and Coopers Rock State Forest.Fred Cross, a Managing Director at Equity Partners HG, says that “This is an excellent opportunity to acquire a structurally sound hotel strategically located on major throughways within a vibrant economic region of the state. The property is also prime for mixed-use development including senior living, apartments, condominiums, or medical center.  Minimal improvements can make this an income producing property again.”Equity Partners HG, formerly “Heritage Equity Partners”, based in Easton, MD, provides investment banking services and has completed in excess of 500 engagements throughout the United States since 1988.#          #          #          #Click here for complete Offering Memo: Ramada Morgantown Hotel & Conference Center_V5