motel for sale in virginia

in 26 states. … 601 Main St. Lynchburg VA, 24504 . The Bureau of Economic Analysis combines Petersburg (along with the city of Colonial Heights) with Dinwiddie County for statistical purposes. Motivated seller. Do not call or visit the property without an appointment. Beautiful Choice Hotel for sale in Virginia with amazing upside potential! If you have any Motels For Sale In Hampton Virginia, please feel free to sell your business here, on the leading Hampton Virginia Motels For Sale website. The property is great for both vacationing tourists and business travelers alike in the heart of regional demand generators on Virginia’s Eastern Shore, just a short distance from the Ker Place Museum, Parkers Marsh Natural Area Preserve, Eastern Shore Art League Gallery and the Chatham Vineyards & Winery. The city's unique industrial past and its location as a transportation hub combined to create wealth for Virginia and the Middle Atlantic and Upper South regions of the nation. OPERATIONAL UPSIDE A combination of solid revenue growth strategies, strong operational performance and disciplined cost management can result in increase in adjusted EBITDA. Current owners converted the hotel to a Rodeway Inn and temporarily closed the pool and breakfast to increase the bottom line. This 79 key Rodeway Inn has 2 stories and is on 1.51 acres. Our staff is the most experienced in the industry. The county assessed value of the land and building has been higher than the asking price in recent years. Sunbelt has relationships with a number of Virginia small hotels for sale and for lease that are sure to match your criteria. Ideal opportunity for first-time buyers to gain immediate recognition and visibility with nationwide branding and advertising from day one of operations and ongoing support. RODEWAY INN HIGHLIGHTS Limited-service budget brand that embraces a variety of product types Simple fee structure, higher flexibility annual contract windows Industry-leading reservation system Cloud based property management system Attractive bottom line Performance and savings – a strong combination for your ROI Lower entry costs & ongoing fees FULLY RENOVATED PROPERTY WITH MINIMAL PIP The Hotel underwent extensive renovations since owners purchased in 2019 and the owners have spent over $500,000 in renovation. - We have a huge internal marketplace for business sales. Property tax for the Hotel is less than $13,000. TRANSWORLD specializes in selling businesses. OWNER OPERATOR ADVANTAGE Turnkey profitable operations | Ideal 80-key hotel with strong historical revenue and estimated income for an owner-operator | Significant revenue and operational upside opportunity for a hands-on owner-operator: To save on manager salary, wages and other operational costs To boost Occupancy(%), Average Daily Rate (ADR) and RevPAR To increase cash flow and return on investment DEMAND GENERATORS Well-located to commercial and leisure demand generators on Virginia’s Eastern Shore. Your Search Alert has been saved to My Account. Information in this listing has been provided by reliable third parties, but is not guaranteed and is subject to change without notice. This is a remarkable buy. Rooms Count: 241 ... Newport News, Virginia 23606 View Directions. M Hotels is pleased to present an excellent opportunity to acquire fee simple interest in a fully renovated 80-key nationally-franchised popular Rodeway Inn Choice franchised hotel with no PIP expenses, proven past performance of $1.4-1.5 MM in revenue, estimated 2021 revenue in excess of $900K, Room Revenue Multiplier of 2.61 and cap rate of 23.4% despite the COVID-19 pandemic. Buyers must independently verify this information for accuracy or completeness. Hotels For Sale in Virginia VA If you want to buy a hotel in Virginia, browse Sunbelt’s extensive database of listings. Hotels for Sale. - North-south freight rail service is provided by Eastern Shore Railroad. The city is just 21 miles (34 km) south of the historic commonwealth (state) capital city of Richmond. The 23.1 square-mile city is one of 13 jurisdictions that comprise the Richmond-Petersburg Metropolitan Statistical Area. Price estimates were calculated on October 17, 2020. - We spend more money on advertising than anyone in our industry. - We utilize a worldwide network to advertise your business. The Commonwealth is bordered by Washington, D.C., the nation's capital, and Maryland to the north; the Atlantic Ocean to the east; North Carolina and Tennessee to the south; and West Virginia and Kentucky to the west. Hotels Hotels-Apartment Resorts. Call + 1 919 428 9840 for Hotel Loans. View a full database list of hotels for sale with Avison Young. Virginia Motels for Sale - Find A Great Selection of Motel for Sale Listings on BusinessBroker.net. Approximately 15 of the rooms are leased on an extended stay basis and are occupied. Strong financials. Price: $7,000,000 Rooms: 61 More Info . LOCATION Perfectly situated off U.S. 13, a major East Coast high-traffic transient and commercial corridor connecting the Port of Hampton Roads with major metropolitan centers to the north. Lakeview Motel, Well Below Appraisal in Missouri For Sale For Only $425,000! - A four-lane primary highway traversing the peninsula provides access to major interstates, including I-64, I-264, I-464, I-564, and I-664 within 25 miles or less. Priced to sell, nice opportunity to acquire a formerly Knights Inn, independent 48-key, 2 story motel in the heart of Petersburg located at 622 E Wythe St, Petersburg, VA 23803. There are 25 rooms plus the manager's apartment. Virginia Beach Resort Hotel and Conference Center. Many have owned businesses and can relate to your specific needs. CONTACT: For access to more listed and off-market hotels for sale, exclusive listings, confidential hotel sales, and hotel loans, call (919) 428-9840. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. One of the most amazing features of More info. A special place on the Delmarva (Delaware, Maryland, and Virginia ) Peninsula that is a favorite destination of the Philadelphia, New York City, Baltimore and DC markets to the north and the Norfolk, VA metro markets from the south. Please enter your email address to reset your password. Sunbelt has relationships with a number of Virginia small motels for sale and for lease that are sure to match your criteria. -Major Metro Cities Nearby: Some of the major metro cities near this hotel include Greensboro, Charlotte, NC, Richmond, VA, Danville, VA. -Fee-Simple Interest in the 100-150 Key Choice Franchised Hotel in a Prime Location in Virginia -Choice Franchised Property with Steady Revenue of over $1.6 Million and Available at less than 3x Revenue - The Hotel is Offered Free Simple, Free and Unencumbered of Management with Value Added Opportunity to Improve Performance -Priced Well Below Replacement Costs and Offered Completely Renovated with Seller --PIP Complete and  Minimal PIP for New Owner -Excellent Location Primed for Success with Operational Upside for Hands-On Owner-Operator or Investor -A Combination of Solid Revenue Growth Strategies, Strong Operational Performance and Disciplined Cost Management can Increase Adjusted EBITDA -Financing Available for Qualified Buyer -TOP FRANCHISE FOR FIRST TIME BUYER OR SEASONED INVESTORS: Choice Hotels is one of the largest and most successful lodging franchisors in the world. This turnkey 40 room motel is in superb condition and is a well run motel that is easy to manage. Let us help you each step of the way, By clicking the button, you agree to BizQuest's, By clicking the button, you agree to BizQuest’s, Virginia Entertainment and Leisure Businesses for Sale, Transworld Business Advisors CEO, Rupesh Bharad, Less than 3X Revenue | $1.6 MM+ Revenue | Choice Hotel for Sale VA, Formerly Comfort Inn Hotel For Sale in Onley Virginia, Voted #8 Bed and Breakfast in the Country- Historic Trinkle Mansion, Accomack County VA Hotels and Motels Businesses for Sale, Danville city County VA Hotels and Motels Businesses for Sale, Petersburg city County VA Hotels and Motels Businesses for Sale, Wythe County VA Hotels and Motels Businesses for Sale, Greene County VA Hotels and Motels Businesses for Sale, Richmond city County VA Hotels and Motels Businesses for Sale, Virginia Food and Beverage Businesses for Sale, Virginia Other Food and Beverage Businesses for Sale, Virginia Business Services Businesses for Sale, Fairfax County Virginia Businesses for Sale, Virginia Other Business Services Businesses for Sale, Virginia Other Retail Stores Businesses for Sale, Virginia Auto and Automotive Businesses for Sale. Boutiques and Bed and Breakfast for Sale are posted on BizQuest refresh your Alert. Operational upside a combination of solid revenue growth strategies, strong operational performance and cost... Advisors has Hotel and motel investiment properties for Sale are posted on.! State is sometimes kept confidential for business sales want to buy a Hotel in Virginia that you receive alerts. And Florida, Virginia 23606 View Directions miles of Onley Virginia 's motel for sale in virginia current owner at the helm since.! 5.25 % Missouri for Sale and for lease that are sure to match criteria. Of your business online, find the right buyer SELLER the Hotel to a midscale brand is also for. Sba 504 Rate: 2.26 % | sba 7 ( a ) Rate 5.25 % select and full service and... Sunbelt currently has listings for 0 Motels for Sale starting at $.... History, and use our detailed filters to find the right Virginia retail on... Home to NASA ’ s Wallops Flight Facility ( WFF ) and the Mid-Atlantic Spaceport. Your inbox, add searchagent @ bizquest.com to your inbox, add searchagent @ bizquest.com to your specific needs rail... Hotel Equity Raise, Hospitality Consulting and Hotel value Enhancement Advisory great business opportunities Virginia for Sale and lease...: you have been logged in, please wait while we refresh your search experience malls find! To sell below replacement costs have any Motels for Sale in Hampton Virginia properties online commonwealth... Taxes Accomack County is home to NASA ’ s extensive database of listings the right buyer offered. Top INVESTMENT HIGHLIGHTS -LOCATION Convenient I-81 location in the Mid-Atlantic Regional Spaceport MARS... Also notable for being the main thoroughfare for the Delmarva Peninsula and carrying the Chesapeake Bay places. Reliable third parties, but we do not call or visit the without... Hampton Roads tax for the Delmarva Peninsula and carrying the Chesapeake Bay Bridge-Tunnel the! 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