Candlewood Suites


Price:
$7,000,000

[Currently Under Agreement]

Address :
5113 Plaza Dr.
Hopewell, VA 23860


  •  Adjacent to Fort Lee Army base and related military installations
  •  Easy access from Interstates 85, 95 & 295 and US Highway 60
  •  Positive trend in occupancy
  •  Hotel is in excellent condition after recent renovations
  •  Adjacent vacant parcel +/- 2.49 acres: $600,000
    View Map    View Aerial
  •  Part of the Richmond MSA, home to 1.3 million people, a nearly 10% increase in the last decade
  •  Close to Fort Lee, which has a regional economic impact of ±$2.25 billion annually
  •  Easy access from I-295
  •  Within walking distance of numerous restaurants and other transient services
  •  Close to Regional Demand Generators:
    •  Only minutes from Sisisky Gate (Main Gate) at Fort Lee
    •  City Park and Riverwalk
    •  Petersburg National Battlefield
    •  JEJ Moore Athletic Complex
    •  Richmond International Airport
  •  3–story, interior corridor
  •  Wood frame construction
  •  Stucco façade
  •  Pitched roof with asphalt shingles
  •  Wireless Internet
  •  Business Center
  •  Lending Locker
  •  Guest Laundry
  •  Elevator
  •  Patio/Gazebo
  •  Major Renovations Completed in 2019
  •  Built in 2001
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 8/21
Occupancy
83.17%
84.21%
71.54%
87.8%
Average Daily Rate
$86.96
$91.44
$90.99
$94.18
Room Revenue
$1,557,505
$1,658,249
$1,405,663
$1,767,623
Net Operating Income
$692,732
$814,948
$660,068
$891,360
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!