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Hotel-Motel

Comfort Inn & Suites Near Danville Mall

100 Tower Dr, Danville, VA 24540

Listing Price: $12,900,000

Cap Rate
11.28%
Number of Rooms
118
RevPAR
$93
Gross SF
75,341
Price/Room
$109,322
RRM
3.31
Price/Gross SF
$171.22
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

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • Eric Webster

    Director Investments

    (843) 952-2271

    Email Eric

    License(s): SC: 104517, NC: LC903

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Hotel-Motel

Comfort Inn & Suites Near Danville Mall

Listing Price: $12,900,000

Cap Rate
11.28%
Number of Rooms
118
RevPAR
$93
Gross SF
75,341
Price/Room
$109,322
RRM
3.31
Price/Gross SF
$171.22
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

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    Senior Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • Eric Webster

    Director Investments

    (843) 952-2271

    Email Eric

    License(s): SC: 104517, NC: LC903

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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