MORGANTOWN, W.Va. — Plans for a Morgantown hotel are on hold amid a challenging business climate for inns and similar properties.
Drury Inn has beforehand introduced plans for a 187-room lodge within the WestRidge Corporate Park. The change comes amid a busy weekend in Morgantown; many accommodations don’t have open rooms due to graduation ceremonies at West Virginia University, and guests to town should look exterior of Morgantown for inns with openings.
Susan Riddle, the president and CEO of the Visit Mountaineer Convention and Visitor’s Bureau, mentioned inflation has impacted plans. Data from the lodging business exhibits the minimal common value for constructing a lodge is $12 million.
“Most people don’t put shovels in the ground and start seriously pursuing new properties until we see consistently being over a 70$ occupancy,” Riddle defined.
Riddle added common day by day income figures are greater than pre-pandemic numbers, which is promising.
“Our occupancy is getting stronger by the day,” she mentioned.
Drury Inn representatives didn’t reply to a request for remark.