Best Western Historic Area Inn


Price:
$7,795,000

Address :
201 Bypass Road
Williamsburg, VA 23185


  •  Strong performance in both revenues and profitability
  •  Central location in a leading East Coast destination resort market
  •  Property is in excellent condition, qualifies for Auto Transfer with Best Western and requires modest renovations upon change of ownership
  •  Asset is offered at a significant discount to replacement costs
    View Map    View Aerial
  •  Williamsburg is part of the Greater Hampton Roads Statistical area, which is home to 1,799,674 people
  •  Centrally located between Richmond, Virginia’s State Capitol, and Virginia Beach
  •  Close to Regional Demand Generators:
    •  College of William & Mary
    •  Colonial Williamsburg
    •  Busch Gardens Theme Park
    •  Warhill Sports Complex
    •  Williamsburg Indoor Sports Complex (WISC)
    •  Yorktown Naval Weapons Station
  •  120 Rooms
  •  4 Stories, Interior Corridor
  •  Concrete Construction
  •  Stucco Façade
  •  Rubber Roof with Metal Mansard
  •  Asphalt Parking Lot
  •  Wireless Internet
  •  Hot Breakfast Buffet (Seats 56)
  •  Business Center
  •  Business Center
  •  Fitness Center
  •  Guest Laundry
  •  Oversized Vehicle Parking
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
2019
2020
2021
2022
Occupancy
56.91%
20.56%
61.16%
64.1%
Average Daily Rate
$78.32
$78.32
$84.84
$87.93
Room Revenue
$1,952,309
$502,123
$2,272,590
$2,491,872
Net Operating Income
$435,748
($402,114)
$925,872
$868,572
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!