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
Financing By
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