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Natural Bridge Historic Hotel & Conference Center
Price:
$3,400,000
Address :
15 Appledore Lane
Natural Bridge, VA 24578
Property includes additional cabins/cottages
Multiple revenue generators on site
Proximate to Washington and Lee University and Virginia Military Institute
Potential redevelopment of business model could yield increased profitability
Property lies within 302-acre Natural Bridge Historic District, and historic tax credits may be available for renovation costs
Location/Market
Physical Plant
Financials
Rockbridge County is at the intersection of Interstates 64 & 81
Within walking distance of Natural Bridge State Park & Drama of Creation
Adjacent to The Caverns at Natural Bridge
Proximate to Downtown Lexington, Washington & Lee University, and Virginia Military University
Close to Regional Demand Generators:
1.3 Miles to Natural Bridge Zoo
1.3 Miles to Dinosaur Kingdom II
5.1 Miles to Virginia Safari Park
13.6 Miles to Virginia Military Institute
14 Miles to Washington & Lee University
16.2 Miles to Virginia Horse Center
3-Story (Plus Basement), Interior-Corridor Main Hotel Building (90 Rooms)
Exterior-Corridor Hotel Annex (30 Rooms)
Colonial Dining Room (Seats ±150)
Red Fox Tavern (Seats ±50)
2-Story Washington Meeting Annex
1-Story Washington Hall
Sundry Shop
Asphalt Parking Lot
Wireless Internet
25.55 Acres Zoned B-1 (with ±5 Acres Zoned A-2)
Eight Single-Story, Exterior Corridor Cottages (32 Rooms)
28.74 Acres Zoned B-1
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Financials
2018
2019
2020
T-12mos 2/21
Occupancy
35.49%
36.80%
20.15%
19.34%
Average Daily Rate
$91.96
$92.78
$100.62
$102.26
Room Revenue
$1,429,639
$1,495,434
$913,581
$865,999
Total Revenue
$3,045,543
$3,193,521
$1,709,217
$1,569,948
December 2020 and January 2021 operating statistics derived from monthly STAR report.
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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