Skip to main content

Hotel-Motel

Comfort Suites Wytheville

695 Peppers Ferry Rd, Wytheville, VA 24382

Listing Price: $3,700,000

Cap Rate
8.96%
Number of Rooms
56
RevPAR
$49
Gross SF
40,000
Price/Room
$66,071
RRM
3.71
Price/Gross SF
$92.50
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the three story, 56-key, Comfort Suites Wytheville located at 695 Peppers Ferry Road, Wytheville, Virginia 24382. This well-appointed hotel was constructed in 2006 and is being offered below replacement cost with the ability to retain the current franchise. The subject property is well situated on 1.10 acres with easy access from Interstate 81 and Interstate 77. Guest rooms offer free Wi-Fi, flat-screens, desks and living areas with sofa beds, plus minifridges, microwaves and coffeemakers. The Comfort Suites features many amenities including a complimentary breakfast buffet, free parking for large vehicles, and a lobby lounge with a fireplace. Other amenities include an indoor pool, a hot tub and an exercise room, as well a business center and meeting space. Business travelers can appreciate conveniences like a business center and access to copy/ fax services and the meeting room accommodates up to 25 people. Laundry facilities are located on the property for added guest convenience. This hotel is less than one mile from the Wytheville Meeting Center convention facility, as well as Wytheville Community College.

Just off Interstates 77 and 81, the conveniently located hotel puts travelers at the doorstep to Virginias alluring attractions. Its a short drive to explore the remote 5,000-plus acres of the Beartown Wilderness in the Jefferson National Forest, and to events at Wytheville Community College. Ride the safari bus to see the exotic animals at Fort Chiswell Animal Park. Or, plan for a day undertaking an historic walking tour of Wytheville. More than 60 restaurants, from 13 Monks Beer Bar and Grill to Wythe Produce surround the hotel.


Investment Highlights

  • Fee-simple interest in the 56-unit, two-story, Comfort Suites Wytheville
  • Offered unencumbered of debt and management
  • Strategically located and easily accessible off of Interstate 81 and Interstate 77

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Listing Price: $3,700,000

Cap Rate
8.96%
Number of Rooms
56
RevPAR
$49
Gross SF
40,000
Price/Room
$66,071
RRM
3.71
Price/Gross SF
$92.50
Year Built
2006

Investment Highlights

  • Fee-simple interest in the 56-unit, two-story, Comfort Suites Wytheville
  • Offered unencumbered of debt and management
  • Strategically located and easily accessible off of Interstate 81 and Interstate 77

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the three story, 56-key, Comfort Suites Wytheville located at 695 Peppers Ferry Road, Wytheville, Virginia 24382. This well-appointed hotel was constructed in 2006 and is being offered below replacement cost with the ability to retain the current franchise. The subject property is well situated on 1.10 acres with easy access from Interstate 81 and Interstate 77. Guest rooms offer free Wi-Fi, flat-screens, desks and living areas with sofa beds, plus minifridges, microwaves and coffeemakers. The Comfort Suites features many amenities including a complimentary breakfast buffet, free parking for large vehicles, and a lobby lounge with a fireplace. Other amenities include an indoor pool, a hot tub and an exercise room, as well a business center and meeting space. Business travelers can appreciate conveniences like a business center and access to copy/ fax services and the meeting room accommodates up to 25 people. Laundry facilities are located on the property for added guest convenience. This hotel is less than one mile from the Wytheville Meeting Center convention facility, as well as Wytheville Community College.

Just off Interstates 77 and 81, the conveniently located hotel puts travelers at the doorstep to Virginias alluring attractions. Its a short drive to explore the remote 5,000-plus acres of the Beartown Wilderness in the Jefferson National Forest, and to events at Wytheville Community College. Ride the safari bus to see the exotic animals at Fort Chiswell Animal Park. Or, plan for a day undertaking an historic walking tour of Wytheville. More than 60 restaurants, from 13 Monks Beer Bar and Grill to Wythe Produce surround the hotel.


Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

MM Texture Background
MM Textured Background Lower