LodgingIndex - Property for Sale in Virginia
Click on any photo for a larger, more detailed view
Location: Northern Virginia, near Washington DC
Number of Units: 178
Year Constructed: 1975
# of Stories: 10
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Per Franchisor
Brand/TripAdvisor Rating : 3.5 Diamond AAA
Offering Price: $ 25,000,000
Gross Rooms Revenue: $ 5,221,954 in 2017
Gross F&B Revenue: $ 23,911 in 2017
Other Revenue: $ 48,739 in 2017
Annual Property Taxes: $ 125,642
Annual Insurance Costs: $ 57,647
Seller/Private Financing Available ?: No
Other Information: This 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 beltway and interstate, and offers easy access as well. Although limited service, the hotel does offer meeting facilities, enabling the operator to realize additional revenues, and using those meeting facilities to sell more rooms.Recent Renovations Include:
Important Note: This offering also includes developable commercial land, adjacent. Land is VERY expensive and nearly impossible to acquire in this area; furthermore the site is "grandfathered" with a very favorable FAR ("Floor Area Ratio"). Another significant hotel, (with structured parking) could be developed on this site.
New Guestroom FF&E
New Carpet, Wallpaper & Lighting in Corridors and in Lobby
Resurfaced Parking Lot, new light fixtures in parking area
New Outdoor Pool
Exterior Walls of Building Modernized
New Porte Cochere
Two Elevators, only 7 years old
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.
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. Submit your inquiry here:
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.
Copyright © 2018
LodgingIndex provides Advertisement and Marketing Services only. LodgingIndex and its representatives
are not licensed real estate agents or brokers, and do not provide any services in that capacity.