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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
Location/Market
Physical Plant
Financials
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
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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!
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