Hotel-Motel

Best Western Plus South Hill Inn

101 Thompson St, La Crosse, VA 23950

Listing Price: $3,675,000

Cap Rate
7.50%
Number of Rooms
57
RevPAR
$41
Gross SF
26,226
Price/Room
$64,474
RRM
4.30
Price/Gross SF
$140.13
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 57-unit interior corridor, Best Western Plus South Hill Inn located in Virginia. This well-appointed hotel was constructed in 1988 and is being offered well below replacement costs with the ability to retain the current franchise. Off I-85, this hotel is 2 miles from the South Hill Doll & Train Museum and 11 miles from Rosemont of Virginia Winery.

Traditionally styled rooms feature free Wi-Fi, and flat-screen TVs with premium channels, plus coffeemakers, microwaves and minifridges. Suites add whirlpool tubs and/or kitchenettes. Hot breakfast is complimentary. Other amenities include a seasonal outdoor pool, a fitness room, a business center and laundry facilities (fee). Parking is available.


Sale Highlights
57-Room Interior-Corridor Asset on 1.39 Acres of Land
Fee-Simple Interest in the Two-Story Hotel
Zero Change-In-Ownership PIP | Fully Renovated
3 Miles from Brand-New VCU Health Community Memorial Hospital
Located in Qualified Opportunity Zone
77% RevPAR Index Compared to Competitive Set

Investment Highlights

  • Zero Change-In-Ownership PIP | Fully Renovated
  • Located 3 miles from brand-new VCU Health Community Memorial Hospital
  • Located in Qualified Opportunity Zone
  • Fee simple interest in the 57-unit interior corridor Best Western Plus South Hill Inn

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Hotel-Motel

Best Western Plus South Hill Inn

Listing Price: $3,675,000

Cap Rate
7.50%
Number of Rooms
57
RevPAR
$41
Gross SF
26,226
Price/Room
$64,474
RRM
4.30
Price/Gross SF
$140.13
Year Built
1998

Investment Highlights

  • Zero Change-In-Ownership PIP | Fully Renovated
  • Located 3 miles from brand-new VCU Health Community Memorial Hospital
  • Located in Qualified Opportunity Zone
  • Fee simple interest in the 57-unit interior corridor Best Western Plus South Hill Inn

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 57-unit interior corridor, Best Western Plus South Hill Inn located in Virginia. This well-appointed hotel was constructed in 1988 and is being offered well below replacement costs with the ability to retain the current franchise. Off I-85, this hotel is 2 miles from the South Hill Doll & Train Museum and 11 miles from Rosemont of Virginia Winery.

Traditionally styled rooms feature free Wi-Fi, and flat-screen TVs with premium channels, plus coffeemakers, microwaves and minifridges. Suites add whirlpool tubs and/or kitchenettes. Hot breakfast is complimentary. Other amenities include a seasonal outdoor pool, a fitness room, a business center and laundry facilities (fee). Parking is available.


Sale Highlights
57-Room Interior-Corridor Asset on 1.39 Acres of Land
Fee-Simple Interest in the Two-Story Hotel
Zero Change-In-Ownership PIP | Fully Renovated
3 Miles from Brand-New VCU Health Community Memorial Hospital
Located in Qualified Opportunity Zone
77% RevPAR Index Compared to Competitive Set

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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