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).
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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
  •  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
Financials
2016
T-12Mos 10/17
Occupancy
43.95%
48.17%
Average Daily Rate
$90.62
$88.86
Room Revenue
$1,938,600
$2,103,966
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!