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Investment Highlights
- Fee Simple Interest in the 63-Room, Four-Story, Interior-Corridor Hotel
- Current Absentee Ownership Structures Offer a Clear Opportunity for a Hands-On Owner to Aggressively Push Occupancy and Recapture Fair Market Share
- Located at the Route 250/29 Interchange (~62,000 Daily Vehicles) with Strategic Proximity to the University of Virginia
- Well-Maintained Property in Good Brand Standing with 14 Years Remaining on the Franchise Agreement
Executive Summary
Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Clarion Pointe Charlottesville, located at 1803 Emmet St N Charlottesville, VA 22901. The subject property is a 63-room, four-story, interior-corridor, limited-service hotel constructed in 1988 and situated on approximately 1.66 acres with direct visibility and access to the Route 250 and Route 29 interchange (approximately 62,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.
Property Facts
| Sale Type | Investment | No. Rooms | 63 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1988/2021 |
| Building Class | B | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 1.66 AC | Corridor | Interior |
| Building Size | 27,552 SF | ||
| Zoning | NX-8 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 27,552 SF |
| No. Rooms | 63 |
| No. Stories | 4 |
| Year Built/Renovated | 1988/2021 |
| Parking Ratio | 1.11/1,000 SF |
| Corridor | Interior |
| Zoning | NX-8 |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 63 | $105.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 40C-009-100 | Improvements Assessment | $3,601,600 |
| Land Assessment | $2,672,600 | Total Assessment | $6,274,200 |
Property Taxes
Parcel Number
40C-009-100
Land Assessment
$2,672,600
Improvements Assessment
$3,601,600
Total Assessment
$6,274,200
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