Natural Bridge Historic Hotel & Conference Center


Price:
$4,900,000

Address :
15 Appledore Lane
Natural Bridge, VA 24578


  •  Property includes additional cabins and 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
  •  The Natural Bridge Hotel now offers a 21’ x 31’ fitness center with equipment such as: treadmills, stationary bikes, ellipticals, and a set of free weights.
    View Map    View Aerial
  •  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 (+ Basement) Main Hotel Building (90 Rooms, Interior Corridor)
  •  Hotel Annex (30 Rooms, Exterior Corridor)
  •  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)
  •  28.74 Acres zoned B-1 Eight Single-Story, Exterior Corridor Cottages (32 Rooms) Wireless Internet
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
2018
2019
2020
2021
T-12Mos 10/22
Occupancy
35.49%
36.80%
20.15%
28.51%
31.20%
Average Daily Rate
$91.96
$92.78
$100.62
$107.11
$108.44
Room Revenue
$1,429,639
$1,495,434
$891,275
$1,705,268
$1,771,685
Total Revenue
$3,045,543
$3,193,521
$1,875,498
$2,933,271
$3,371,298
* Sellers installed a water treatment plant at the property. As of 12/14/22, there are 20 payments left at $4,200/month. This is included in the utilities expense.
Natural Bridge Hotel operates the ticket concession for the Caverns. The revenue and expenses are line items above. 2021 Miscellaneous income includes PPP Loan Forgiveness
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!