2015 S Main St
Farmville, VA 23901
Days Inn by Wyndham Farmville · Hospitality Property For Sale · 25,000 SF

The Days Inn by Wyndham in Farmville, VA. provides an excellent investment opportunity for an owner/operator to acquire an asset below replacement cost, under a well-respected brand, with tremendous revenue and NOI upside potential. The subject hotel generated revenues in excess of $900,000 (2017) when owner-managed, only to see revenue, operating margins and guest satisfaction scores decline as owner became absentee. A hands-on owner has the opportunity to immediately drive top-line revenues through both occupancy and adr increases. Dramatic NOI and cash flow gains can be realized by simply meeting industry averages for operating margins. Furthermore, an executed change of ownership PIP allows for property repositioning and provides even more upside in financial performance. The Days Inn Farmville, situated on a 1.69 acre lot, is a 59 room (one room out-of-order can be returned to inventory, bringing key-count to 60), 2-story, interior/exterior-corridor hotel built in 1990. Property is located directly off of heavily trafficked S. Main Street (22,000 VPD) and US Routes 15 & 460 (8,600 VPD). Property has excellent street visibility which contributes to hotel benefitting from 20-25% of occupancy from same-day bookers. The hotel is centrally located in Prince Edward County, 65 miles from Richmond, 48 miles from Lynchburg, 70 miles from Charlottesville and within a day’s drive of 76% of the nation’s population. Demand generators include 2 nearby universities, a high-quality medical services community, a vibrant shopping, dining and culture scene and a wealth of historical and recreational amenities. Hotel amenities include outdoor pool , free breakfast, free wi-fi, free parking, RV parking, in-room coffee/tea makers, microwaves and refrigerators..