Historical Hotel & Motel Sale Listing - Howard Johnson

Hotel & Motel For Sale

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Howard Johnson

505 York Street, Williamsburg, VA 23185

N/A

85 Rooms | Hotel & Motel

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Front off York Street

Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
85
Building Size:
35,763 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9.19%
Average Daily Rate:
$48
RevPAR:
$24
No. Stories:
3
Year Built:
1979
Corridor:
Interior
Lot Size:
1.37 SF
APN / Parcel ID:
499-02-00-001, 2
Listing ID
16311475
Last Updated
over 1 year ago

Highlights

  • Excellent Hotel Investment Opportunity
  • On the doorstep of Colonial Williamsburg
  • New Regional Hospital within 2 miles
  • Flexible Franchise Opportunity

Description

The Howard Johnson is a good opportunity in a down market. Small enough to possible utilize SBA financing. Located within walking distance to Historic Colonial Williamsburg. Easy Access to and from I-64. The property is scheduled to covert to a Quality Inn later this year. The fees have already been paid.

Location, location, location! This hotel is located across from one of the main entrances to Colonial Williamsburg. 12 Military Installations, Busch Gardens, Anheuser Busch / In-Bev Brewery, Water Country USA, Kings Creek Timeshare, Parkside Timeshare, the proposed Quarterpath at Williamsburg a large Hospital (planned to open 2012) anchored mixed use development is approximately 1.5 miles from this property and several other existing and planned developments are in the immediate area. Philip Morris invested approximately $100 million in a plant 2 miles away etc.

Map of 505 York Street, Williamsburg, VA 23185 (James City County)

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