Super 8


Price:
$1,550,000

Address :
711 Townview Drive
Lebanon, VA 24266


  •  Great Location and Visibility Off US Highway 19
  •  2-Story, Interior-Corridor Design
  •  Property in Excellent Condition
  •  Consistently Improving Revenue and Occupancy
  •  Ideal for First-Time Owner/Operator
    View Map    View Aerial
  •  Lebanon is the county seat for Russell County in southwestern Virginia.
  •  Served by CPC OptiNet, Lebanon has attracted several technology operations, including Northrop Grumman’s Southwest Enterprise Solutions Center and the Virginia Information Technologies Agency (VITA).
  •  Russell County is home to the largest cattle farm east of the Mississippi River, Stuart Land & Cattle.
  •  Close to Regional Demand Generators:
    •  1.1 Miles to Russell County Conference Center
    •  1.5 Miles to Russell Regional Business & Technology Park, Home to Northrop Grumman and CGI
    •  1.6 Miles to Russell County Hospital
    •  13 Miles to Old Russell County Courthouse and Dickenson Bundy Log House
    •  50 Miles to Bristol Motor Speedway
  •  47 rooms
  •  2 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  Stucco Facade
  •  Pitched, Shingle Roof
  •  Asphalt Parking Lot
  •  Continental Breakfast Area
  •  Guest Laundry
  •  Wireless Internet
  •  Built 2000
  •  ±1.577 Acres
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
2017
2018
2019
T-12Mos 2/20
Occupancy
46.07%
59.37%
49.31%
48.26%
Average Daily Rate
$58.48
$52.41
$56.15
$56.72
RevPar
$26.94
$31.11
$27.69
$27.37
Room Revenue
$463,428
$533,745
$474,948
$470,811
Net Operating Income
N/A
$142,604
$152,408
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!