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Hotel-Motel

Quality Inn Harrisonburg I-81

1881 Evelyn Byrd Ave, Harrisonburg, VA 22801

Listing Price: $7,000,000

Number of Rooms
67
RevPAR
$72
Gross SF
72,135
Price/Room
$104,478
RRM
4.10
Price/Gross SF
$97.04
Year Built
2007

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Harrisonburg I-81. a three-story limited service hotel located in Harrisonburg, Virginia. Hotel amenities include a seasonal outdoor pool, complimentary breakfast, and guest laundry facilities. The hotel's 67 guest rooms offer a flatscreen TV, work desk, refrigerator, microwave and coffee maker.

The Quality Inn has earned GOLD status for the 2024 year, this means that hotel is in the top 10% of the brand. Strong market demand drivers, demographic and economic growth boost the ability to grow revenue and market share upon acquisition.

Harrisonburg, nestled in the picturesque Shenandoah Valley of Virginia, captivates visitors and residents alike with its unique blend of rich history, vibrant culture, and scenic beauty. Known as the "Friendly City,"
Harrisonburg exudes a welcoming atmosphere characterized by its diverse community and thriving arts scene. Home to James Madison University, the city enjoys a dynamic energy infused with academic vitality and youthful spirit. From its charming downtown adorned with quaint shops and eclectic eateries to its lush parks and recreational areas, Harrisonburg offers an array of experiences for outdoor enthusiasts and urban explorers alike. With a rich tapestry of festivals, cultural events, and historical landmarks, Harrisonburg embraces its heritage while embracing progress, making it a captivating destination and a beloved home for all who wander its streets.

Investment Highlights

  • Three-Story, Interior Corridor, Choice Platinum Award-Winning Hotel | Renovated with Premium Finishes in 2023 | Potential for Boutique and/or Upper Midscale Branding
  • Earned GOLD Status for the 2024 Year, This Means the Hotel is in the Top 10% of the Brand
  • Renovated with Premium Finishes in 2023 | Potential for Boutique and/or Upper Midscale Branding
  • Ample Area to Upgrade Outdoor Amenities
  • Ideally Located off Interstate 81 and U.S. Route 33 (60,000+ Vehicles Per Day)
  • Less Than a Mile from James Madison University (22k+ Enrollment)
  • Minutes to Attractions Including Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, and Several Museums
  • Short Drive to Massanutten Resort (325,000 Visitors Annually) and Shenandoah National Park (1.4M Visitors Annually)

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Hotel-Motel

Quality Inn Harrisonburg I-81

Listing Price: $7,000,000

Number of Rooms
67
RevPAR
$72
Gross SF
72,135
Price/Room
$104,478
RRM
4.10
Price/Gross SF
$97.04
Year Built
2007

Investment Highlights

  • Three-Story, Interior Corridor, Choice Platinum Award-Winning Hotel | Renovated with Premium Finishes in 2023 | Potential for Boutique and/or Upper Midscale Branding
  • Earned GOLD Status for the 2024 Year, This Means the Hotel is in the Top 10% of the Brand
  • Renovated with Premium Finishes in 2023 | Potential for Boutique and/or Upper Midscale Branding
  • Ample Area to Upgrade Outdoor Amenities
  • Ideally Located off Interstate 81 and U.S. Route 33 (60,000+ Vehicles Per Day)
  • Less Than a Mile from James Madison University (22k+ Enrollment)
  • Minutes to Attractions Including Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, and Several Museums
  • Short Drive to Massanutten Resort (325,000 Visitors Annually) and Shenandoah National Park (1.4M Visitors Annually)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Harrisonburg I-81. a three-story limited service hotel located in Harrisonburg, Virginia. Hotel amenities include a seasonal outdoor pool, complimentary breakfast, and guest laundry facilities. The hotel's 67 guest rooms offer a flatscreen TV, work desk, refrigerator, microwave and coffee maker. The Quality Inn has earned GOLD status for the 2024 year, this means that hotel is in the top 10% of the brand. Strong market demand drivers, demographic and economic growth boost the ability to grow revenue and market share upon acquisition. Harrisonburg, nestled in the picturesque Shenandoah Valley of Virginia, captivates visitors and residents alike with its unique blend of rich history, vibrant culture, and scenic beauty. Known as the "Friendly City," Harrisonburg exudes a welcoming atmosphere characterized by its diverse community and thriving arts scene. Home to James Madison University, the city enjoys a dynamic energy infused with academic vitality and youthful spirit. From its charming downtown adorned with quaint shops and eclectic eateries to its lush parks and recreational areas, Harrisonburg offers an array of experiences for outdoor enthusiasts and urban explorers alike. With a rich tapestry of festivals, cultural events, and historical landmarks, Harrisonburg embraces its heritage while embracing progress, making it a captivating destination and a beloved home for all who wander its streets.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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