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Hotel-Motel

Fairfield Inn & Suites South Boston

1120 Bill Tuck Hwy, South Boston, VA 24592

Listing Price: $9,200,000

Cap Rate
13.06%
Number of Rooms
85
RevPAR
$87
Gross SF
165,528
Price/Room
$108,235
Price/Gross SF
$55.58
Year Built
2009

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 85-room Fairfield Inn & Suites South Boston located in South Boston, Virginia, a city in south-central Virgina. The Fairfield Inn & Suites is a 2009-build, 3-story property located near US Hwy 58, providing ease of access for commerce and tourism. Fairfield Inn & Suites South Boston provides the opportunity for a new owner to acquire an 80-plus room hotel built less than 13 years ago with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of business.

Investment Highlights

  • T-12 July 2021 RevPAR is Nearly 12% Higher than 2019
  • Minimal Drop in Business During COVID-19
  • Low Location-Based Expenses

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Hotel-Motel

Fairfield Inn & Suites South Boston

Listing Price: $9,200,000

Cap Rate
13.06%
Number of Rooms
85
RevPAR
$87
Gross SF
165,528
Price/Room
$108,235
Price/Gross SF
$55.58
Year Built
2009

Investment Highlights

  • T-12 July 2021 RevPAR is Nearly 12% Higher than 2019
  • Minimal Drop in Business During COVID-19
  • Low Location-Based Expenses

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 85-room Fairfield Inn & Suites South Boston located in South Boston, Virginia, a city in south-central Virgina. The Fairfield Inn & Suites is a 2009-build, 3-story property located near US Hwy 58, providing ease of access for commerce and tourism. Fairfield Inn & Suites South Boston provides the opportunity for a new owner to acquire an 80-plus room hotel built less than 13 years ago with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of business.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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