Econo Lodge

Price: $1,895,000

Location: VA

Units: 90

UNDER CONTRACT

Property Overview:

This 90-unit exterior corridor Econo Lodge is well located on a major state highway in Virginia. The facility is made up of (3) buildings, consisting of 90 exterior corridor guest rooms, fitness center, business center, large breakfast room, manager’s apartment, and an outdoor swimming pool, all of which is situated on +/-6.70 acres of land.

Physical Features: 

  1. Two-Story
  2. Fitness Center
  3. Outdoor Swimming Pool
  4. Spacious Lobby
  5. Large Breakfast Room
  6. +/- 6.70 acres of land (fee simple)

Investment Considerations:

  1. Located on a major state highway in Virginia
  2. Excellent upside potential for a new owner/operator to improve revenues and operating margins
  3. Strategically located to the property’s many demand generators
  4. Food and beverage facility currently closed but could be reopened or leased out to generate additional income
  5. (2) Annual NASCAR Races held within close proximity to the property
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