Best Western Historic District


Price:
$5,350,000

Address :
351 York Street
Williamsburg, VA 24361


  •  Centrally located to all of Williamsburg’s attractions and demand generators
  •  Extensively renovated in 2017 and with ongoing updates – limited reinvestment required for a new owner
  •  Opportunity to improve performance and operating margins with hands-on management and increased marketing
  •  Significant recovery in 2021, with July revenues surpassing 2018 and 2019 results
  •  Best Western is expected to grant a standard license agreement upon the completion of a Design Review, which we estimate to require limited capital expenditure for a new owner
    View Map    View Aerial
  •  Williamsburg is part of the Greater Hampton Roads Statistical Area, home to over 1.7 million people
  •  Close to many Demand Generators including:
    •  0.5 Miles to Colonial Williamsburg
    •  1.2 Miles to College of William & Mary
    •  2.5 Miles to Golden Horseshoe Golf Club
    •  4.4 Miles to Water Country USA Water Park
    •  4.7 Milles to Busch Gardens Williamsburg
    •  7.0 Miles to Warhill Sports Complex
  •  140 Guestrooms
  •  Restaurant On-Site (currently leased)
  •  Breakfast Area
  •  Business Desk
  •  Fitness Center
  •  Indoor Pool
  •  Guest Laundry
  •  2 & 3 Stories
  •  Interior Corridors
  •  Brick Exterior
  •  Pitched Roof with Asphalt Shingles
  •  Built 1975
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
T-12Mos 7/21
Room Revenue
$1,614,318
$1,667,876
$346,815
$986,963
Total Revenue
$1,969,434
$2,020,147
$405,905
$1,087,569
Net Operating Income
$233,266
$333,818
($307,606)
$144,363
 NOI is EBITDA before Management Fees & Non-Operating Expenses such as capital expenditures  Property was closed for during several periods during 2020
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!