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Hotel-Motel

Baymont Inn Rocky Mount

1730 N Main St, Rocky Mount, VA 24151

Listing Price: $5,400,000

Cap Rate
11.86%
Number of Rooms
61
RevPAR
$66
Gross SF
34,750
Price/Room
$88,525
RRM
3.68
Price/Gross SF
$155.40
Year Built
1989

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale the fee simple interest in the Baymont Rocky Mount located in Rocky Mount, Virginia. The two-story property features 61 well-appointed guest rooms ranging from doubles, queens, and suites all equipped with free wi-fi, a coffee maker, flatscreen TV, and a private bathroom. Guests can take advantage of the amenities such as complimentary breakfast, an outdoor swimming pool, and free parking with ample space for trucks and RVs.

The Baymont Rocky Mount is conveniently situated off Highway 220 in Virginia’s Blue Ridge region, an area famous for its natural beauty and outdoor activities attracting visitors from around the world. The subject property is two miles from Rocky Mount’s town center that boasts walkable streets filled with local shops & restaurants intertwined with its rich music history. The Baymont is also within proximity to all the region has to offer such as state parks, corporations, colleges & universities, and more. Philpott Lake, 30 minutes south of the Baymont, attracts over 325,000 visitors each year and in return majorly supports the local economy with tourism spending and providing over 100 local jobs. Smith Mountain, also a thirty-minute drive from the subject property, is home to Smith Mountain Lake, the largest lake in Virginia and hosts over 17,000 visitors on annual basis. Roanoke, Virginia is approximately 30 minutes away. Roanoke-Blacksburg Regional Airport offers flights with Allegiant Air, American Airlines, Delta Air Lines, and United Airlines.

Investment Highlights

  • Fee simple interest in the 61-unit, Baymont Inn Rocky Mount, located in Rocky Mount, Virginia
  • Ideally located near the famous Blue Ridge Parkway, offering accommodations for visitors looking to take advantage of all Virginia has to offer from hiking, fishing, and more
  • Roanoke Regional Airport, approximately 30 minutes north, offers flights from major airlines and nonstop service to major hubs
  • Smith Mountain, also a thirty-minute drive from the subject property, is home to Smith Mountain Lake, the largest lake in Virginia and hosts over 17,000 visitors on annual basis

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Hotel-Motel

Baymont Inn Rocky Mount

Listing Price: $5,400,000

Cap Rate
11.86%
Number of Rooms
61
RevPAR
$66
Gross SF
34,750
Price/Room
$88,525
RRM
3.68
Price/Gross SF
$155.40
Year Built
1989

Investment Highlights

  • Fee simple interest in the 61-unit, Baymont Inn Rocky Mount, located in Rocky Mount, Virginia
  • Ideally located near the famous Blue Ridge Parkway, offering accommodations for visitors looking to take advantage of all Virginia has to offer from hiking, fishing, and more
  • Roanoke Regional Airport, approximately 30 minutes north, offers flights from major airlines and nonstop service to major hubs
  • Smith Mountain, also a thirty-minute drive from the subject property, is home to Smith Mountain Lake, the largest lake in Virginia and hosts over 17,000 visitors on annual basis

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale the fee simple interest in the Baymont Rocky Mount located in Rocky Mount, Virginia. The two-story property features 61 well-appointed guest rooms ranging from doubles, queens, and suites all equipped with free wi-fi, a coffee maker, flatscreen TV, and a private bathroom. Guests can take advantage of the amenities such as complimentary breakfast, an outdoor swimming pool, and free parking with ample space for trucks and RVs. The Baymont Rocky Mount is conveniently situated off Highway 220 in Virginia’s Blue Ridge region, an area famous for its natural beauty and outdoor activities attracting visitors from around the world. The subject property is two miles from Rocky Mount’s town center that boasts walkable streets filled with local shops & restaurants intertwined with its rich music history. The Baymont is also within proximity to all the region has to offer such as state parks, corporations, colleges & universities, and more. Philpott Lake, 30 minutes south of the Baymont, attracts over 325,000 visitors each year and in return majorly supports the local economy with tourism spending and providing over 100 local jobs. Smith Mountain, also a thirty-minute drive from the subject property, is home to Smith Mountain Lake, the largest lake in Virginia and hosts over 17,000 visitors on annual basis. Roanoke, Virginia is approximately 30 minutes away. Roanoke-Blacksburg Regional Airport offers flights with Allegiant Air, American Airlines, Delta Air Lines, and United Airlines.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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