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Sunday, September 05, 2010
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Property Name: |
Best Western |
| Units: |
114 |
| State: |
VA |
| List Price: |
"Confidential" |
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New Listing |
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| Physical Features |
1. Interior corridor
2. Four-story
3. Exercise facility
4. Meeting rooms
5. Outdoor swimming pool
6. Spacious lobby
7. Solid construction
8. Granite vanity tops
9. Guest laundry facility
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| Investment Considerations |
1. Excellent upside potential for an “aggressive” owner/operator to improve revenues and operating margins
2. Excellent physical plant with substantial renovations
3. Strategically located to the property’s many demand generators
4. Easily accessible to arriving guests
5. Strong business track record
6. AAA Rated
7. Property should be approved for an “Auto Transfer” from Best Western International, Inc.
8. Located within close proximity to several large corporations
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| Property Overview |
| This 114-unit interior corridor, limited service Best Western is located just off two major Interstates and is within close proximity to several regional, commercial, and leisure demand generators. The facility is a four-story structure consisting of 114 interior corridor guest rooms, large spacious lobby, breakfast room, fitness center, business center, meeting space, guest laundry, and an outdoor swimming pool. |
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| Financials |
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2008 |
2009 |
Jan - Mar 2010 |
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| Room Revenue |
$1,614,132 |
$1,300,065 |
$299,897 |
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| Occupancy |
73.54% |
59.01% |
60.26% |
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| Average Daily Rate |
$52.60 |
$52.94 |
$48.50 |
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