Motel 6

Price: $1,450,000

Location: Virginia

Units: 42

Property Overview:

This 42-unit Motel 6 has had recent renovation, and is ideally located just off a major interstate in Virginia.  The facility is a two-story structure consisting of a spacious lobby, owners / managers living quarters as well as an attached “leased” quick-serve restaurant.  The property offers significant upside for a “hands-on” owner / operated.

Physical Features:

  1. Exterior corridor
  2. Two Stories
  3. “leased” quick service restaurant
  4. Spacious lobby
  5. Owners / managers living quarters

Investment Considerations:

  1. Significant upside potential based on the current Star Report for a new owner to improve revenue and operating margins
  2. Absentee Ownership
  3. Located within close proximity to several leisure, commercial, and corporate demand generators
  4. Excellent physical plant – The property has had recent renovation and should convey to a new owner with a very minimal PIP
  5. Excellent roadside / interstate visibility

Historical Revenues:

Financial information is available upon request after completion of the required Confidentiality Agreement