Mitchell Glasson of Matthews Real Estate Investment Services is pleased to present the exclusive listing for the opportunity to acquire the Hampton Inn in Gretna, VA. The hotel was constructed in 2009 and branded as a Hampton during Covid with the Hampton PIP fully completed in 2022. Since then, the hotel has stabilized and dominated its comp set as the only hotel next to the Gretna Medical Center with zero surrounding competition.Gretna, VA, is strategically located approximately 50 miles from Lynchburg, VA, 60 miles from Greensboro, NC, and 90 miles from Raleigh, NC, offering easy access to major metropolitan areas
2024 Operating Overview
-ADR & Occupancy: $110.42 & 83.80%
-Total Revenue: $2,806,382
-Owner’s Actual 2024 Net Operating Income: $1,190,675
-NOI Less 4% FF&E, 3% MGMT, & Reassessed Property Taxes: $969,974
This is an exclusive listing - Do not contact the owner, staff, or go to the property without scheduling a tour directly with the listing agent, Mitch Glasson. Contact Mitch for the full Due Diligence folder and click the link for the Offering Memorandum in the ‘Investment Highlights’ section.
Kyle Matthews
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203