Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Sleep Inn & Suites Harrisonburg Near University. a four-story limited service hotel located in Harrisonburg, Virginia. Hotel amenities include a business center, fitness center, complimentary breakfast, and guest laundry facilities. The hotel's 81 guest rooms offer a flatscreen TV, work desk, refrigerator, microwave and coffee maker. 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. The Sleep Inn & Suites Harrisonburg Near University represents the opportunity to acquired a franchised hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in Virginia's Shenandoah Valley.