Best Western and Econo Lodge Inn & Suites

Price: $4,995,000

Location: VA

Units: 72 & 32

NEW LISTING

Property Overview:

This 72-unit Best Western 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 property, which was double branded in June of 2016 and subsequently double-branded in December 2017, features a 72-unit limited service Best Western and a 32-unit limited service Econo Lodge.

The Best Western 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 Best Western 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. The Best Western features a full-service restaurant that is currently leased at $1,800.00 per month (a full copy of the tenant lease is available upon request)
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