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:
- Exterior corridor
- Two Stories
- “leased” quick service restaurant
- Spacious lobby
- Owners / managers living quarters
Investment Considerations:
- Significant upside potential based on the current Star Report for a new owner to improve revenue and operating margins
- Absentee Ownership
- Located within close proximity to several leisure, commercial, and corporate demand generators
- Excellent physical plant – The property has had recent renovation and should convey to a new owner with a very minimal PIP
- Excellent roadside / interstate visibility
Historical Revenues:
Financial information is available upon request after completion of the required Confidentiality Agreement
