Budgetel Paducah 727 Joe Clifton Dr Services hôteliers 130 chambres 1 207 932 € (9 292 €/Chambre) Paducah, KY 42001

?? LIVE SALE EVENT – Hotel Conversion Opportunity | Paducah, KY ??
Hotel Conversion / Multifamily Redevelopment Opportunity | Paducah
Presenting the former Budgetel Inn in Paducah, Kentucky—an exceptional opportunity for investors and developers seeking a high-upside hotel-to-apartment conversion project.
Previously operated as an independent hotel, the property generated approximately $1,000,000 in annual gross revenue prior to closing in 2023, demonstrating strong historical demand and location viability.
A significant portion of the conversion has already been initiated, positioning this asset for a streamlined transition into multifamily housing.
Apartment Conversion Highlights:
Approximately 30 units already partially converted with kitchenettes installed
Existing hotel layout conducive to studio / micro-unit apartment configuration
Reduced construction timeline with prior improvements in place
Ideal for workforce or affordable housing development
Lower cost basis compared to ground-up multifamily construction
Ability to reposition quickly into income-producing apartment units
Strong demand drivers in the Paducah market supporting long-term occupancy
Paducah continues to experience steady housing demand driven by its regional economic stability, including healthcare, manufacturing, and logistics sectors.
This is a rare opportunity to acquire a partially converted asset with proven income history and execute a clear value-add multifamily strategy.
Don’t miss this unique opportunity to acquire the former Budgetel Inn in Paducah, Kentucky—perfectly positioned for a hotel-to-apartment conversion.
We are hosting exclusive property showings on April 11 & April 12 for qualified buyers and investors.
This vacant property has been secured, preserved, and boarded, offering a clean slate for redevelopment while maintaining its structural integrity. With approximately 30 units already partially converted with kitchenettes, this asset provides a major head start for a multifamily reposition.
Previously generating $1M in gross revenue, the property sits in a market with growing demand for affordable and workforce housing—making it an ideal candidate for apartment conversion.
Why Attend:
Walk the property and assess conversion potential firsthand
Evaluate existing unit improvements already in place
Explore a high-upside value-add opportunity
Limited access—only available during scheduled showing dates
?? Showings: April 11 & April 12
?? Location: Paducah, Kentucky