3950 Fair Ridge Dr | Fairfax, VA 22033
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3950 Fair Ridge Dr
Fairfax, VA 22033
Hilton Garden Inn Fairfax · Hospitality Property For Sale
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94,315 SF
Investment Highlights
- Hilton Garden Inn Fairfax offers a major-flagged hotel that underwent a $5.2-million-dollar renovation in 2020-2024, with minimal outstanding PIP.
- There is significant upside potential to room revenue as evidenced by STR, with a 92% RevPAR Index.
- There is significant upside potential to introduce additional income streams such as food and beverages.
- The hotel provides significant revenue and NOI growth potential via replacing an out-of-state operator and introducing operational efficiencies.
- An opportunity to retain a long-term license with Hilton is available through the Hilton Garden Inn flag.
Property Facts
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 2002/2024 |
| Building Class | B | Tenancy | Single |
| Lot Size | 4.01 AC | Parking Ratio | 2.6/1,000 SF |
| Building Size | 94,315 SF | Corridor | Interior |
| Zoning | PDC - planned development commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.01 AC |
| Building Size | 94,315 SF |
| No. Stories | 5 |
| Year Built/Renovated | 2002/2024 |
| Tenancy | Single |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Interior |
| Zoning | PDC - planned development commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
Property Taxes
| Parcel Number | 0463-01-0014B1 | Improvements Assessment | $13,405,540 |
| Land Assessment | $3,725,000 | Total Assessment | $17,130,540 |
Property Taxes
Parcel Number
0463-01-0014B1
Land Assessment
$3,725,000
Improvements Assessment
$13,405,540
Total Assessment
$17,130,540
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