LodgingIndex - Property for Sale in Virginia

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PROPERTY FOR SALE:  VIRGINIA

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Location: Northern Virginia, near Washington DC
Number of Units: 158
Year Constructed: 1976
Corridors:  Interior
# of Stories: 5
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Per Franchisor
Brand/TripAdvisor Rating : 3 Diamond AAA

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Offering Price: $ 9,500,000
Gross Rooms Revenue: $ 2,200,000 in 2017
Gross F&B Revenue: $ 280,000 in 2017
Other Revenue: $ 6,000 in 2017
Annual Property Taxes: $ 84,513
Annual Insurance Costs: $ 28,218
Seller/Private Financing Available ?: No

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Other Information: This full service, upper-midscale franchised property is prominently located in Northern Virginia, just minutes away from the Capital Beltway and Washington DC. The property offers great visibility from the nearby interstate, and offers easy access as well. It occupies 5 valuable acres overall in this highly-coveted area, making it an eventual re-development opportunity. It is a corporate market, surrounded by corporate facilities and demand generators, resulting in steady year-round business, and ample food-and-beverage/meeting revenues. The 5-story property features 158 guestrooms, a beautiful lobby with newly renovated breakfast area, over 5000 SF of meeting facilities (largest in the area!), a fitness center, and an indoor AND outdoor pool.

Recent Renovations Include:
Newly paved parking lot
New Roof on Both Buildings
New Beddding in Guestrooms
Renovated Fitness Center
New Elevator
Renovated Dining Area
Replaced Walk-In Cooler in Kitchen

Package Deal Available: The seller of this hotel is selling another property, in a nearby market. A significant discount of up to $ 500,000 off the purchase price of this property can be considered, if the buyer opts to purchase both hotels, simultaneously. Details regarding the other hotel can be seen by clicking here.


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Interested in this property?  If you would like to obtain more information about this property-for-sale, please submit an inquiry below. Upon receipt of this, the property owner will be notified of your inquiry, and you will receive a subsequent email, sent to the Email address you specify below, from LodgingIndex regarding this property.   Thereafter, discussions can start directly between you and the property owner.   In order to receive additional information, please make sure that you complete the form below and include an accurate, valid EMail address!   By submitting the form below, the inquirer agrees that all subsequent information obtained as a result of this inquiry is strictly confidential and is not to be disclosed to or shared with any outside parties.  Please refer any additional interested purchasers directly to www.lodgingindex.com.


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All of the above information was obtained from the seller of the property and is deemed reliable, but not guaranteed.  
LodgingIndex and its representatives assume no liability.  All information should be verified by the buyer.


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