Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 87-unit, Fairfield Inn & Suites Christiansburg, located in Christiansburg, Virginia. The subject property is ideally located on 4.2 acres of land and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, fitness center, 24-hour front desk, shared lobby lounge area with TV, free on-site parking, guest-laundry facilities, outdoor swimming pool and a business center with fax & photocopy machine. Each guest room is equipped with free Wi-Fi, flat-screen TV with streaming services, desk with chair, in-room coffee & tea maker, microwave, refrigerator, private bathroom, iron & ironing board and hairdryer. The Fairfield Inn & Suites is strategically located off I-81 with close proximity to all nearby demand generators. Christiansburg is located in the western region of Virginia, 10 miles south of Blacksburg which is home to the 2,600-acre campus of Virginia Tech University. The university is ranked in the top 50 of U.S. universities and enrolls more than 37,000 students. Viginia Tech offers 280 undergraduate and graduate degree programs as well as a variety of research programs. Other demand generators in the area include Dixie Caverns, Montgomery Museum of Art & History, Huckleberry Park, Uptown Christiansburg Mall, among many other parks and outdoor attractions. Larger metro, Roanoke, is located about 32 miles away and offers a large supply of outdoor attractions, including the Blue Ridge Mountains and Appalachian Trail. Roanoke is included in Virginia’s Blue Ridge Region, which is known for incredible mountain biking trails, earning it the title of the east coast capital for mountain biking. For traveling to the area, the Roanoke-Blacksburg Regional Airport, located 29.6 miles away, features flight from major airlines, including Delta, United and American.