1301 Huguenot Rd
Midlothian, VA 23113
La Quinta Inns & Suites Richmond-Midlothian · Hospitality Property For Sale · 112 Rooms

Marcus and Millichap is pleased to present the exclusive offering for La Quinta Inn Suites located at 1301 Huguenot Road Midlothian, VA The five story, 112 room upscale suburban hotel presents a new owner the opportunity to acquire a stabilized asset within Richmond MSA Conveniently located off US 60 with easy access to the interstate and Richmond attractions This is a well equipped property with a restaurant, fitness center, and a large business center capable to accommodate up to 60 guests The property has the potential for added upside through detailed expense management and increasing the net operating income Operationally, this hotel achieved 2 375 324 room revenue in 2018 resulting in a NOI ( of approximately 33 6 of overall revenues this equates to 808 600 before debt service This hotel benefits from below market rates and is ranked 4 out of 5 in rate out of competitive set Trails 3 rd place hotel by 23 The La Quinta Inn Suites Richmond Midlothian is conveniently located within walking distance of Chesterfield Towne Center Mall The hotel is near the University of Richmond, Virginia Commonwealth University VCU, Virginia State and Virginia Union University Fort Lee Military Base, home of the U S Army Combined Arms Support Command, is 15 miles from the hotel Nearby businesses include Northrop Grumman, HD Logistics Agency, GD Packaging, Nationwide Insurance, GE, DuPont Spruance, Phillip Morris and the Virginia State Police Headquarters Historical attractions nearby include the Virginia State Capitol, Museum of the Confederacy, The Confederate White House, The American Civil War Center at Tredegar, Richmond National Battlefield Park, Petersburg National Battlefield Park, and the Virginia Holocaust Museum Other attractions include Richmond International Raceway, the Virginia Museum of Fine Arts, Maymont Estate, Lewis Ginter Botanical Garden, Children's Museum of Richmond, and the Science Museum of Virginia The hotel is only a short drive from Busch Gardens, Water Country USA, Kings Dominion, Williamsburg, and Downtown Richmond