This 118-room Comfort Inn & Suites in Danville, VA offers a rare fee-simple acquisition opportunity unencumbered by management obligations. The asset sits on a 3.09-acre parcel and provides a full suite of amenities, including a business center, meeting facilities, a restaurant, and a pool. An on-site restaurant lease contributes approximately $3,000 per month in additional income, further enhancing cash flow.
Recent capital upgrades, including roof and elevator improvements, ensure minimal deferred maintenance and allow a focus on driving operational performance. Franchise term flexibility exists with an expiration in September 2027, enabling rebranding or renewal options based on ownership strategy. Performance metrics indicate robust ADR growth, with 2025 ADR at $153.78 and NOI of roughly $817K, signaling strong pricing power and operational upside through occupancy growth.
The property is strategically situated near major demand generators, including corporate employers like Goodyear, Tyson Foods, and Sovah Health, as well as the Caesars Virginia Casino and Dan River Riverwalk. Additionally, Danville’s economic outlook is boosted by major public and private investments such as the Caesars Virginia Resort, Dan River Falls redevelopment, and Southern Virginia Megasite initiative, all of which are expected to drive long-term lodging demand.