4531 George Washington Mem Hwy
Yorktown, VA 23692
Red Roof Inn · Hospitality Property For Sale · 22,575 SF

Hampton Roads is the name of both a body of water and the surrounding metropolitan region located in the Southeastern Virginia and Northeastern North Carolina portions of the Tidewater region, comprising the Virginia Beach–Norfolk–Newport News, VA–NC, metropolitan area and an extended combined statistical area that includes the Elizabeth City, NC, micropolitan statistical area and Kill Devil Hills, NC, micropolitan statistical area. Hampton Roads is known for its large military presence, ice-free harbor, shipyards, coal piers, and miles of waterfront property and beaches, all of which contribute to the diversity and stability of the region’s economy. Hampton Roads has become known as the “world’s greatest natural harbor”. The port is located only 18 miles (29 km) from open ocean on one of the world’s deepest, natural ice-free harbors. Since 1989, Hampton Roads has been the mid-Atlantic leader in U.S. waterborne foreign commerce and is ranked second nationally behind the Port of South Louisiana based on export tonnage. When import and export tonnage are combined, the Port of Hampton Roads ranks as the third largest port in the country (following the ports of New Orleans/South Louisiana and Houston). In 1996, Hampton Roads was ranked ninth among major U.S. ports in vessel port calls with approximately 2,700. In addition, this port is the U.S. leader in coal exports. The coal loading facilities in the Port of Hampton Roads are able to load in excess of 65 million tons annually, giving the port the largest, most efficient and modern coal loading facilities in the world. Hampton Roads is home to four Fortune 500 companies. Representing the food industry, transportation, retail and shipbuilding, these four companies are located in Smithfield, Norfolk, Chesapeake and Newport News. The companies are Smithfield Foods, Norfolk Southern, Dollar Tree and, Huntington Ingalls Industries. The Hampton Roads area has the largest concentration of military bases and facilities of any metropolitan area in the world. Nearly one-fourth of the nation’s active-duty military personnel are stationed in Hampton Roads, and 45% of the region’s $81B gross regional output is Defense-related. All five military services’ operating forces are there, as well as several major command headquarters.