Sleep Inn Motel‏

Ferco, LLC

Patti J. Howard, CPA

Managing Member

800 North Side Drive, Suite 27

Summersville, WV  26651

(304) 872-4841 ext. 102

pattihoward@frontier.com

Sleep Inn Motel – Northside Development

701 Professional Park Drive

Summersville, WV  26651

The subject property is a 2.32 acre portion of the North Side Land Corporation tract that was transferred to FERCO, LLC on October 18, 1993.  The deed is recorded in the Nicholas County Clerk’s Office in Deed Book 353, Page 660.  The subject property is assessed in the name of FERCO, LLC and is identified in the Summersville Corp. Tax District on Tax Map 32 Parcel 1.8.  The property is located ABOVE the 100 year flood elevation as shown on Federal Emergency Management Agency Flood Insurance Map for Nicholas County, Community Panel 54067C0250/c dated July 4, 2011.  The property is within the City of Summersville corporate limits and is zoned C-3 which allows commercial use of the property.

The Sleep Inn hotel is a two-story, 94 room limited service hotel containing 36,500 square feet of gross building area. The interior corridor facility is masonry construction with EFIS exterior and a pitched roof with asphalt shingles.  Windows are tempered and plate glass in aluminum frames and the lobby has a commercial grade window/door wall entry system.  Room doors are wood with metal frames and have a card key entry system.  The interior has vinyl covered walls, average quality carpeting and tile floor finishes and ceilings are textured and acoustical tile.  HVAC is provided via through-wall units.  Each guestroom and all public restroom areas have adequate plumbing fixtures to serve clientele and electrical is adequate for the existing use.  Lighting is provided by fluorescent lighting and lamps in guestrooms.  Fire protection is provided by hard wired smoke detectors and a wet sprinkler system.  Sufficient parking is available onsite and hotel grounds are adequately landscaped.  The property has pole and wall mounted signage.

The typical guestroom offers a King, Queen, or Double/Double beds, television, one or two built-in nightstands, and a built-in desk with a chair.  The property offers wireless Internet, microwaves, refrigerators, continental breakfast and guest laundry.  The room mix consists of 5 King Singles, 11 Queen Singles, and 78 Double Doubles.  The property has an outdoor swimming pool, guest laundry, breakfast and business area.

UTILITIES:

                Water/Sewage: City of Summersville

                Natural Gas: Dominion Gas

                Electricity: First Energy

                Telephone: Frontier Communications