Wyndham Garden Inn


Price:
  $6,650,000   
$6,100,000

Address :
201 Water Country Pkwy
Williamsburg, VA 23185


  •  Attractively priced asset in relation to current performance results as well as replacement costs
  •  Solidly constructed building which just received in excess of $1,445,000 in renovations in 2015.
  •  Well located to major area demand generators and Interstate 64.
  •  Wyndham Hotels is expected to grant a standard Wyndham Garden Inn license agreement upon the completion of a Product Improvement Plan (PIP).
  •  PIP completed in 2015 for conversion from Days Inn to Wyndham Garden Inn. Sellers spent over $1,445,000 on PIP.
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  •  Williamsburg is part of the Greater Hampton Roads Metropolitan Statistical Area, which is home to over 1.7 million people.
  •  Centrally located between Richmond, Virginia’s State Capitol, and Virginia Beach
  •  Across Route 199 from Water Country USA and Marquis Center
  •  Close to Regional Demand Generators, Including...
    •  2.7 Miles to Naval Supply Center, Cheatham Annex
    •  3.6 Miles to Busch Gardens
    •  4.4 Miles to Camp Peary
    •  5 Miles to College of William & Mary
    •  5 Miles to Colonial Williamsburg Historic Area
    •  8 Miles to New Town
    •  8 Miles to Williamsburg Premium Outlets
    •  11 Miles to Williamsburg Pottery
  •  204 Rooms (195 Rentable Units)
  •  Restaurant & Breakfast Area (Seats ±66; See Page 23 for Details)
  •  Meeting Space (Seats ±130; Dividable into 4 Rooms)
  •  Market in Lobby, Business Center, Guest Laundry
  •  Fitness Center
  •  Seasonal Outdoor Pool
  •  8 Stories
  •  Interior Corridors
  •  Concrete Structure
  •  Brick Veneer
  •  Flat Roof With Rubber Membrane
  •  Asphalt Parking Lot – ±261 Spaces
  •  Built 1986
Financials
2015
2016
T-12Mos 10/17
Occupancy
39.98%
41.88%
39.29%
Average Daily Rate
$66.47
$74.59
$79.78
Room Revenue
$1,949,616
$2,291,992
$2,299,694
Net Operating Income
$351,215
$581,133
N/A
Monthly operating statistics are based on 201 rooms. Net Operating Income is before any deductions for management fees or replacement reserves.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!