Clarion Inn


Price:
$3,750,000

Address :
1074 Bill Tuck Hwy
South Boston, VA 24592


  •  Upside potential due to conversion and renovation
  •  Ideal size and operating model for owner/operator
  •  Limited competition within immediate market area
  •  SBA financing candidate
  •  Absentee owner
    View Map    View Aerial
  •  South Boston is the population center of Halifax County, as well as the economic, health and educational center for a five-county region.
  •  Virginia International Raceway’s Raceplex has brought cuttingedge technology to the region. It is home to the Global Center for Automotive Performance Simulation.
  •  Close to Regional Demand Generators:
    •  1 Mile to Southern Virginia Higher Education Center
    •  1.1 Mile to The Prizery
    •  2.6 Miles to Sentara Halifax Regional Hospital
    •  3 Miles to South Boston Speedway
    •  17 Miles to Staunton River State Park
    •  23 Miles to VIRginia International Raceway
    •  24 Miles to Occoneechee State Park
  •  2 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  Stucco Facade
  •  Flat Roof with Metal Mansard
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room (Seats 24)
  •  Meeting Space
  •  Guest Laundry
  •  Business Center
  •  Wireless Internet
  •  Fitness Center
  •  Outdoor Pool
  •  Built 1997
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
2018
T-12Mos 8/19
Occupancy
51.31%
52.03%
61.87%
58.67%
Average Daily Rate
$78.80
$72.58
$70.03
$73.37
RevPar
$40.43
$37.76
$43.33
$43.05
Room Revenue
$976,661
$909,679
$ 1,043,720
$1,036,968
Net Operating Income
$389,771
$312,363
$373,037
N/A
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!