Quality Inn and Econo Lodge Inn & Suites

Price: $4,250,000

Location: VA

Units: 72 & 32

Under Contract

Property Overview:

This 72-unit Quality Inn and 32-unit Econo Lodge & Suites are ideally located in southwest Virginia, within close proximity to I-81, and an array of area demand generators.

The Quality Inn is a two-story brick structure consisting of 72 interior corridor guest rooms, a large spacious lobby, breakfast room, indoor heated swimming pool and whirlpool, fitness center, meeting room, and business center, all of which is situated on +/- 6.229 acres of land with excellent roadside visibility.

The Econo Lodge is a two-story brick structure consisting of 32 interior corridor guestrooms, lobby, front desk area, and a guest laundry facility.

The Quality Inn and Econo Lodge are situated on a total of +/- 6.229 acres of land (fee simple).

Physical Features: 

  1. Built in 1984 & 1987
  2. Two-Story
  3. Interior Corridor Design
  4. Solid Construction
  5. +/- 6.229 combined acres (fee simple)

Investment Considerations:

  1. Excellent upside potential for a “hands-on” owner operator to improve revenues and operating margins
  2. Solid construction with recent renovations
  3. Double branded facility offers diverse customer base
  4. Absentee ownership
  5. Priced well below replacement cost at $40,865 per unit
  6. The Quality Inn features a full-service restaurant / lounge that could be leased out for additional income