Country Inn & Suites East


Price:
  $4,425,000   
$3,495,000

[Currently Under Agreement]

Address :
7135 Pocahontas Trail
Williamsburg, VA 23185


  •  Quality constructed building in very good cosmetic condition.
  •  Consistent business performance with significant room for growth.
  •  Attractively priced well below replacement costs.
  •  Limited service operating model with room for improvements in margins.
  •  Solid select service brand affiliation.
  •  AAA 3 Diamond.
  •  Carlson is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Williamsburg is part of the Greater Hampton Roads Metropolitan Statistical Area, which is home to over 1.7 million people.
  •  Centrally located between Richmond, Virginia’s State Capitol, and Virginia Beach
  •  Close to Regional Demand Generators, Including...
    •  2.4 Miles to College of William & Mary
    •  2.5 Miles to Colonial Williamsburg
    •  2.7 Miles to Water Country USA
    •  2.8 Miles to Busch Gardens Williamsburg
    •  4.7 Miles to New Town
    •  5.8 Miles to Williamsburg Premium Outlets
    •  8.7 Miles to Williamsburg Pottery and proposed KingsLand USA
  •  88 Rooms
  •  Breakfast Area (Seats 50)
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Seasonal Outdoor Pool
  •  5 Stories
  •  Interior Corridors
  •  Concrete Structure
  •  Brick Facade
  •  Rubber Membrane Roof (Replaced in 2006)
  •  Asphalt Parking Lot & Underground Parking
  •  Built 1985
Financials
2013
2014
2015
2016
T-12Mos 9/17
Occupancy
45.68%
50.66%
44.61%
43.09%
43.36%
Average Daily Rate
$81.59
$77.08
$82.18
$82.43
$78.83
Room Revenue
$1,197,121
$1,254,132
$1,177,600
$1,143,951
$1,097,878
Net Operating Income
$276,717
$301,866
$311,870
$303,486
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
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!