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Hotel-Motel

Comfort Inn & Suites Near Danville Mall

100 Tower Dr, Danville, VA 24540

Listing Price: $14,500,000

Cap Rate
10.69%
Number of Rooms
118
RevPAR
$94
Gross SF
75,341
Price/Room
$122,881
RRM
3.67
Price/Gross SF
$192.46
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 118-unit, Comfort Inn & Suites Near Danville Mall, located in Danville, Virginia.

Investment Highlights

  • Fee simple interest in the 118-unit, Comfort Inn & Suites Near Danville Mall, located in Danville, Virginia
  • Transient location situated on the border of North Carolina & Virginia
  • Caesars Virginia (2.6 mi), 90,000 sf gaming & entertainment facility set to open by the end of 2024 with 1,400+ slot machines, 80 table games, 40,000 sf of meeting space
  • Danville Casino (temporary facility for the Caesars) opened its 45,000 sf (half the size of completed venue) in May 2023, since then, it has attracted 100,000 visitors/ month and generated $242.18MM in gaming revenue alone
  • Medical Centers | Piedmont Internal Medicine, Sovah Health - Danville, Danville Neurology Associates, Providence Family & Sports Medicine, &  More

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

Comfort Inn & Suites Near Danville Mall

Listing Price: $14,500,000

Cap Rate
10.69%
Number of Rooms
118
RevPAR
$94
Gross SF
75,341
Price/Room
$122,881
RRM
3.67
Price/Gross SF
$192.46
Year Built
1985

Investment Highlights

  • Fee simple interest in the 118-unit, Comfort Inn & Suites Near Danville Mall, located in Danville, Virginia
  • Transient location situated on the border of North Carolina & Virginia
  • Caesars Virginia (2.6 mi), 90,000 sf gaming & entertainment facility set to open by the end of 2024 with 1,400+ slot machines, 80 table games, 40,000 sf of meeting space
  • Danville Casino (temporary facility for the Caesars) opened its 45,000 sf (half the size of completed venue) in May 2023, since then, it has attracted 100,000 visitors/ month and generated $242.18MM in gaming revenue alone
  • Medical Centers | Piedmont Internal Medicine, Sovah Health - Danville, Danville Neurology Associates, Providence Family & Sports Medicine, &  More

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 118-unit, Comfort Inn & Suites Near Danville Mall, located in Danville, Virginia.

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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