La Quinta Inn & Suites


Price:
$7,500,000

Address :
600 Bypass Rd
Williamsburg, VA 23185


  •  Superior Location in One of America’s Busiest Destination Tourist Locations
  •  Fully Renovated and Recently Re-Opened with New Franchise
  •  Solid Construction of Concrete Block with Interior Corridors
  •  Easy Access to Colonial Williamsburg and Busch Gardens
  •  Adjacent to the campus of the College of William & Mary
  •  Positive Revenue & Occupancy Trend
  •  Priced at a Discount to Replacement Cost
  •  La Quinta is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  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
  •  Proximate to the campus of the College of William & Mary
  •  Close to Regional Demand Generators, Including...
    •  1 Mile to Colonial Williamsburg
    •  1 Mile to National Center for State Courts
    •  2 Miles to New Town
    •  3 Miles to Williamsburg Premium Outlets
    •  4 Miles to Busch Gardens Williamsburg
    •  4 Miles to Water Country USA
    •  4.9 Miles to WISC – Williamsburg Indoor Sports Complex
  •  143 Keyed Units
  •  Continental Breakfast Area
  •  Sundry Shop
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Seasonal Outdoor Pool
  •  5 Stories
  •  Interior Corridors
  •  Concrete Block Structure
  •  Brick & Dryvit Facade
  •  Pitched, Asphalt-Shingle Roof
  •  Asphalt Parking Lot
  •  Built 1986
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
T-12Mos 1/18
Occupancy
43.95%
48.56%
48.73%
Average Daily Rate
$90.62
$87.73
$87.54
Room Revenue
$1,938,600
$2,099,274
$2,101,794
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
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!