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Americas Best Value Inn
Price:
$1,550,000
Address :
6151 Maddox Boulevard
Chincoteague Island, VA 23336
1.07 Acres of Prime Commercial Real Estate in a High Barrier to Entry Market
Chincoteague Chamber of Commerce Successfully has promoted and expanded shoulder seasons in market
Property regularly wins awards from its Parent Company, Red Lion Hotels
SBA financing candidate
Ideal size and operating model for owner/operator
Wireless Internet
Continental Breakfast & Coffee ( Memorial Day through Labor Day)
Outdoor Pool
1 Bedroom, 1 Bath Manager's Quarters
Location/Market
Physical Plant
Financials
Located on a barrier island east of Virginia's Delmarve Peninsula
Accomack County is home to 33,413 people
Wallops Research Park & Flight Facility
Annual Pony Penning & Firemen's Carnival
Maui Jack's Waterpark
Iron Pony Adventure Park
Museum of Chincoteague Island
Chincoteague National Wildlife Refuge
Assateague Island National Seashore
Assateague Island Lighthouse
26 Guest Rooms
1 Story, Exterior Corridor
Wood Frame Construction
Wood Facade
Pitched, Asphalt-Shingle Roof (2 Buildings have new shingles)
Gravel Parking Lot
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Financials
2019
2020
2021
T-12mos 4/22
Occupancy
44.37%
46.15%
65.38%
68.99%
Average Daily Rate
$79.13
$70.00
$65.22
$64.00
Room Revenue
$294,779
$271,933
$357,982
$370.693
Net Operating Income
$59,020
$64,136
$102,769
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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