Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Sleep Inn & Suites Chesapeake – Portsmouth, located in Chesapeake, Virginia. This Choice-branded hotel, originally constructed in 2000, consists of 83 interior corridor guestrooms and is being offered fee simple, free and clear of existing debt and management, at $6,400,000. The property has an NOI of $590,429, providing strong in-place cash flow for a new owner. The property has shown strong recent momentum, with revenues increasing by more than $55,000 year-to-date, and is currently on pace to surpass $1.6 million in total revenue for 2026. Upon acquisition, investors can expect minimal PIP requirements, allowing for a more seamless transition and limited upfront capital investment.