Property Overview:
Located just off a major interstate in Southwest Virginia.
The Super 8, which has undergone recent renovations, is a two-story structure consisting of 57 interior corridor guestrooms, a well-appointed lobby and breakfast room, all of which is situated on +/- 1.60 acres of land with excellent roadside visibility.
Physical Features:
- Two stories
- +/- 1.60 acres of land
- Excellent roadside visibility
- Interior corridors
- Updated guestroom package and public space
Investment Considerations:
- Discount to replacement cost
- Recent renovation to include a “new” roof in CY2021
- The property should convey with a minimal “PIP” expected for a new owner
- Excellent upside potential for an “aggressive” owner/operator to improve revenues and operating margins
- Located in close proximity to several demand generators
- Excellent trends in room revenue since coming out of the pandemic
Historical Revenues:
Financial information is available upon request after completion of the required Confidentiality Agreement
