Clarion Pointe

Location: Virginia

Property Overview:

This 69-unit Clarion Pointe, just underwent a major renovation / rebranding, and is ideally located just off a major US Route in Virginia.  The facility is a two-story structure consisting of a variety of guestroom types to include “suite” rooms, as well as, an outdoor swimming pool, meeting space, a spacious lobby, and breakfast room, all of which is situated on +/- 3.05 acres of land with breathtaking lakefront views.

Physical Features:

  1. Interior corridors
  2. Two stories
  3. Outdoor swimming pool
  4. Exercise facility
  5. Meeting room
  6. +/- 3.05 acres of land (lake front)

Investment Considerations:

  1. Excellent trends in room revenue since the completion of the PIP / Rebranding
  2. The property underwent an extensive renovation, and was repositioned and rebranded as a Clarion Pointe in March of 2022
  3. Renovation work completed in CY 2021 / CY 2022 include but not limited to the following upgrades / improvements; new roof, fire alarm panel, exterior patio, exterior signage, LED parking lights, complete lobby / public space upgrade, interior corridor carpet / lighting, guestroom case goods, guestroom soft goods, guestroom flooring, guestroom lighting package, guest bathroom upgrades, and parking lot seal/stripe
  4. Based on the recent renovations the property should convey with a limited / no “PIP”

Historical Revenue:

Financial information is available upon request after the completion of the required Confidentiality Agreement (please see below link to complete the “CA” via DocuSign):

Link: Confidentiality Agreement (Clarion Pointe)

 

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