New Listing
Property Overview
CAS Hotel Advisors is pleased to present this 153-room dual-brand Holiday Inn & Candlewood Suites that is strategically located just off a major interstate in Virginia. The property benefits from convenient highway access and proximity to a diverse array of established area demand generators, positioning it to attract both business and leisure travelers.
This five-story hotel is situated on approximately 5.49 acres and features interior corridor guestrooms, a spacious lobby, dedicated breakfast area, fitness center, business center, guest laundry facilities, and an indoor swimming pool. Recent renovations and solid construction provide an attractive foundation for continued operations and future revenue growth.
Property Highlights
- Interior corridor guestrooms
- Five-story building with recent renovations
- Approximately 5.49-acre site
- Spacious lobby and dedicated breakfast area
- Fitness center and business center
- Guest laundry facility
- Indoor swimming pool
- Meeting / banquet space
- Recent renovations and well-maintained physical plant
Investment Highlights
- Operational Upside: Opportunity for a focused operator to enhance operating performance and maximize profitability.
- Revenue Growth Potential: Upward-trending room revenue presents an opportunity to build on recent performance.
- Management Opportunity: With current “absentee ownership” and “third-party management” create opportunities for a more engaged ownership and operational strategy.
- Attractive Physical Plant: Solid construction, spacious guestrooms, and recent renovations provide a strong foundation for continued operations.
- Established Brand Affiliations: Holiday Inn and Candlewood Suites brand recognition offers an established platform for capturing two different segments of lodging demand in the surrounding market.
This offering represents an opportunity for hotel investors and owner-operators to acquire an established, dual-branded hospitality asset with existing infrastructure and the potential to drive future operating performance.
