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Hotel-Motel

Comfort Suites Salem Roanoke I-81

100 Wildwood Rd, Salem, VA 24153

Listing Price: $6,700,000

Cap Rate
6.59%
Number of Rooms
72
RevPAR
$61
Gross SF
47,304
Price/Room
$93,056
RRM
4.05
Price/Gross SF
$141.64
Year Built
2008

Investment Overview

Marcus & Millichap is please to offer for sale a fee simple interest in the 72-unit, Comfort Suites Salem Roanoke I-81, located in Salem, Virginia. The subject property is ideally located on 1.63 acres and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, indoor heated swimming pool, fitness center, lobby lounge area, free on-site parking, on-site convenience store, meeting rooms, and guest laundry facilities. Each guest room is equipped with free Wi-Fi, flat screen TV, desk with chair, refrigerator, microwave, in-room coffee & tea maker, and private bathroom. The suite style guest rooms offer a partial room divider as well as a sofa bed to create additional seating and sleeping arrangements. The Comfort Inn is strategically located directly off Interstate-81 within walking distance to many of Salem’s major demand generators. Restaurants that are within ½-mile radius of the property include of Arby's, Denny's, Hardee's, Dairy Queen, Italiano's Pizza, Applebee's, and El Rodeo's Mexican Restaurant. Other notable businesses within a half mile radius of the property consist of Food Lion, Wal-Mart Super Center, Dollar General, and a major U.S. Foods distribution center. Salem, Virginia is located in Roanoke County and is home to several major businesses. Top employers in Roanoke County consist of Wal-Mart, Kroger, Carilion Clinic, HCA Virginia Health Systems, Wells Fargo, Norfolk Southern, and Yokohama Tire Corporation. Other recreational and local attractions in Salem include the Salem Civic Center (3.5 Miles), Salem Fair Grounds (3.5 Miles), Salem Red Sox Baseball Stadium (3.6 Miles), and Salem Museum (5.0 Miles). Roanoke College is also only 2.4 miles from the property. Choice Hotels International (NYSE: CHH) is one of the largest and most successful lodging franchisors in the world. Choice currently franchises more than 7,000 hotels, representing nearly 570,000 rooms, in more than 40 countries and territories. Ranging from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments, Choice-branded properties provide business and leisure travelers with a range of high-quality, high-value lodging options throughout the United States and internationally. For more information on Choice Hotels, visit the company’s website: www.choicehotels.com.

Investment Highlights

  • Fee simple interest in the 72-unit Comfort Suites Salem Roanoke I-81, located in Salem, Virginia
  • Ideally located off I-81 | Close proximity to all demand generators
  • Nearby Demand Generators | Lewisgale Medical Center, Roanoke College, Salem Golf Course, Hanging Rock Golf Club, & More
  • Salem VA Medical Center is the largest employer in the area with more than 1,500 employees

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Hotel-Motel

Comfort Suites Salem Roanoke I-81

Listing Price: $6,700,000

Cap Rate
6.59%
Number of Rooms
72
RevPAR
$61
Gross SF
47,304
Price/Room
$93,056
RRM
4.05
Price/Gross SF
$141.64
Year Built
2008

Investment Highlights

  • Fee simple interest in the 72-unit Comfort Suites Salem Roanoke I-81, located in Salem, Virginia
  • Ideally located off I-81 | Close proximity to all demand generators
  • Nearby Demand Generators | Lewisgale Medical Center, Roanoke College, Salem Golf Course, Hanging Rock Golf Club, & More
  • Salem VA Medical Center is the largest employer in the area with more than 1,500 employees

Investment Overview

Marcus & Millichap is please to offer for sale a fee simple interest in the 72-unit, Comfort Suites Salem Roanoke I-81, located in Salem, Virginia. The subject property is ideally located on 1.63 acres and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, indoor heated swimming pool, fitness center, lobby lounge area, free on-site parking, on-site convenience store, meeting rooms, and guest laundry facilities. Each guest room is equipped with free Wi-Fi, flat screen TV, desk with chair, refrigerator, microwave, in-room coffee & tea maker, and private bathroom. The suite style guest rooms offer a partial room divider as well as a sofa bed to create additional seating and sleeping arrangements. The Comfort Inn is strategically located directly off Interstate-81 within walking distance to many of Salem’s major demand generators. Restaurants that are within ½-mile radius of the property include of Arby's, Denny's, Hardee's, Dairy Queen, Italiano's Pizza, Applebee's, and El Rodeo's Mexican Restaurant. Other notable businesses within a half mile radius of the property consist of Food Lion, Wal-Mart Super Center, Dollar General, and a major U.S. Foods distribution center. Salem, Virginia is located in Roanoke County and is home to several major businesses. Top employers in Roanoke County consist of Wal-Mart, Kroger, Carilion Clinic, HCA Virginia Health Systems, Wells Fargo, Norfolk Southern, and Yokohama Tire Corporation. Other recreational and local attractions in Salem include the Salem Civic Center (3.5 Miles), Salem Fair Grounds (3.5 Miles), Salem Red Sox Baseball Stadium (3.6 Miles), and Salem Museum (5.0 Miles). Roanoke College is also only 2.4 miles from the property. Choice Hotels International (NYSE: CHH) is one of the largest and most successful lodging franchisors in the world. Choice currently franchises more than 7,000 hotels, representing nearly 570,000 rooms, in more than 40 countries and territories. Ranging from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments, Choice-branded properties provide business and leisure travelers with a range of high-quality, high-value lodging options throughout the United States and internationally. For more information on Choice Hotels, visit the company’s website: www.choicehotels.com.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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