Investment Overview

High-Quality Asset Recently Renovated: The Courtyard by Marriott Hampton Coliseum Central is an upscale, select-service Hotel featuring 146 spacious guest rooms and several amenities such as an outdoor pool, a fitness center, a business center, 817 square feet of meeting and event space, and a bar and restaurant. The Property underwent substantial renovations starting in 2020 through 2022. Prime Location with Easy Access to Market Demand Generators: The Property is positioned off Interstate 64 and State Route 258, offering excellent visibility and accessibility to major demand generators in the vicinity. The Newport News/Williamsburg International Airport is located just 10 miles from the Property. Other notable demand generators in the area include Langley Air Force Base, Hampton Coliseum, Colonial National Historical Park, Fort Monroe National Monument, Bluebird Gap Farm, Virginia Air & Space Science Center, Buckroe Beach and Park, Hampton History Museum, Busch Gardens Williamsburg, and Four Winds Chartering. Strong Revenues with Room for Growth: The subject property is expected to achieve strong revenues and is anticipated to become a top performer amongst its Market Competitive Set. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through. Several initiatives to improve property operations exist for a new owner, including the opportunity to increase market penetration and employ various cost control and yield management strategies. Premier Marriott International Brand: The Hotel maintains brand affiliation with Marriott International, one of the trusted names in hotels, and benefits from the best guest loyalty programs in the lodging industry. The Courtyard brand appeals to both business and leisure travelers and is among the top upscale brands. Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.