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Saturday, May 19, 2012
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Property Name: |
Clarion Hotel |
| Units: |
176 |
| State: |
VA |
| List Price: |
$3,200,000 |
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| Physical Features |
1.) Outdoor swimming pool
2.) Exercise facility
3.) +/- 4.05 acres of land
4.) Full service restaurant & lounge (currently leased)
5.) Six (6) banquet / meeting rooms
6.) Large spacious lobby
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| Investment Considerations |
1.) The property was re-branded to a Clarion Hotel and will enter the Choice Hotels online reservation system on July 15, 2011.
2.) Significant discount to replacement cost
3.) Located just off two major Interstates in Virginia
4.) AAA (3) Diamond Rating
5.) Priced at $18,181 per unit |
| Property Overview |
| This 176-unit Clarion Hotel is well located just off two major Interstates in Virginia, and is within close proximity to a vast array of area demand generators. The facility is made up of (1) two-story building, (1) three-story building, and (1) four-story building, consisting of 136 interior corridor and 40 exterior corridor guest rooms, which has undergone renovations in the past (12) months. There is also a large spacious lobby, full service restaurant and lounge (which is currently leased), (6) meeting/banquet rooms, business center, exercise room, guest laundry, and an outdoor swimming pool, all of which is situated on +/- 4.05 acres of land with excellent Interstate and roadside visibility. |
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| Financials |
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| Financials Available Upon Request |
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