Magnuson Hotel

Price: $2,575,000

Location: VA

Units: 70

NEW LISTING

Property Overview: 

This 70-unit limited service Magnuson Hotel is ideally located just off a major U.S. Highway and situated on +/- 3.05 acres of land with breathtaking lakefront views.

The facility, originally constructed in 1997, contains (1) two-story building, consisting of 50 interior corridor guest rooms, spacious lobby, front desk area, breakfast room, and outdoor swimming pool.

Additionally, there is another (1) two-story building, built in 2003, that contains 20 interior corridor guestrooms, and a large meeting room with lakefront views, prep kitchen and large covered patio, all of which is situated on +/- 3.05 acres of land.

Physical Features: 

  1. Two-story
  2. Meeting room with prep kitchen and covered patio
  3. Interior corridor
  4. Lakefront views
  5. Outdoor swimming pool
  6. +/- 3.05 acres of land (fee simple)

Investment Considerations:

  1. Excellent investment opportunity for a first time buyer or a focused owner / operator to drive top-line revenues and improve operating efficiency for increased cash flow
  2. Very good condition with recent renovations
  3. Absentee ownership
  4. Ideally located just off a major U.S. Highway and situated on +/- 3.05 acres of land with breathtaking lakefront views
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