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Saturday, May 19, 2012
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Property Name: |
Econo Lodge |
| Units: |
34 |
| State: |
VA |
| List Price: |
$2,650,000 |
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| Physical Features |
1. Interior corridors
2. Built in 2008
3. +/- 1.447 acres of land
4. Guest Laundry
5. Continental breakfast area
6. Two stories |
| Investment Considerations |
1. Absentee Ownership
2. Property should convey with minimal to no “PIP”
3. The property opened in March of 2008
4. Excellent upside potential for an aggressive owner / operator to improve revenues and operating margins |
| Property Overview |
| The Econo Lodge is located on a well traveled US Highway just 39 miles from Richmond, VA, 44 miles from Petersburg, VA, 72 miles from Charlottesville, VA, 78 miles from Lynchburg, VA, and 90 miles from Fredericksburg, VA. The facility, built in 2008, is a two-story structure consisting of 34 interior corridor guest rooms. There is also a spacious lobby, continental breakfast area, and guest laundry, all of which is situated on +/- 1.447 acres of land. |
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| Financials |
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| Financials Avalible Upon Request |
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