Musselman Hotels, a Louisville company that owns 15 hotels throughout Kentucky, has donated one of its properties to Pikeville College in a contribution that represents the most valuable real estate gift in the college’s history.
According to Pikeville College President Hal Smith, the college does not intend to operate the Days Inn in Pikeville as a hotel but is instead exploring the feasibility of renovating it to provide apartments for faculty, staff and School of Osteopathic Medicine students.
“The growth and success of Pikeville College and the School of Osteopathic Medicine has had a significant positive economic impact on Pikeville’s economy,” said Smith. “This property will allow us to provide additional quality, affordable housing for our college family as we continue growing to meet the needs of the community and region.”
Valued at approximately $2.3 million, the Days Inn has been operating with 100 units. The property and buildings donated to the college and adjoining property also include a restaurant and swimming pool.
Chester Musselman, president of Musselman Hotels, noted that Pikeville College has played an important role in Pikeville and Eastern Kentucky over the years. “Hopefully, this property will enable the college to continue its impressive growth and important mission.”