2221 Euclid Ave
Bristol, VA 24201
Travel Inn · Hospitality Property For Sale · 32,659 SF

****IF INTERESTED PLEASE CONTACT BY CALLING**** This is a 78 Unit Exterior Corridor Economy Hotel branded as a Rodeway Inn by Choice Hotels International. Beautiful Location at a busy intersection and conveniently located on exit 1 off I-81 first exit after the Virginia welcome center. Home to the Bristol Motor Speedway which hosts several events every year! This is a solid block building that will LAST! Bristol is a growing community with several new business in the area and still growing. There is LITTLE TO NO PIP FOR NEW OWNER! Complete hotel has LED lighting fixtures installed, and low flow toilet systems! 4/5 STAR RATING AVERAGE THROUGHOUT ONLINE! VERY GOOD FOR ECONOMY CHAIN. Extensive renovations completed in 2018 including Roof, new parking lot, plumbing, electrical, flooring, vanities, furniture, bedding, drapes, and more. All rooms contain Flat Screen televisions & Micro-Fridge. Hotel was opened last year in April 2018, after an extensive 1 year renovation. The Revenues over 935K for Trailing 12 months as of 07/08/2019. NET IS OVER 400K ANNUALLY PRIOR TO DEBT SERVICE. Perfect for owner operator Hotel was purchased closed and reopened after renovations on April 25,2018. No financials are available prior to April 2018. -Managers Apartment directly behind the main office -10,000 sq ft restaurant and banquet hall also included (currently used as storage) -OWNER FINANCING AVAILABLE WITH 20% DOWN @ 7% FOR 3 YEARS FOR QUALIFIED BUYER