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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
Location/Market
Physical Plant
Financials
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
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Financials
2017
2018
2019
T-12Mos 4/20
Occupancy
46.07%
59.37%
49.31%
45.60%
Average Daily Rate
$58.48
$52.41
$56.15
$57.13
RevPar
$26.94
$31.11
$27.69
$26.05
Room Revenue
$463,428
$533,745
$474,948
$448,116
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!
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