201 Water Country Pky - Hospitality FOR SALE


Williamsburg, VA 23185
$8,800,000 USD
629-262-0382
201 Water Country Pky, Williamsburg, VA for Sale
$8,800,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

201 Water Country Pky
Williamsburg, VA 23185


HIGHLIGHTS

  • Abundance of Hotel Demand Drivers – The Wyndham Garden Hotel Williamsburg is surrounded by a plethora of popular hotel demand drivers.
  • Value and Upside Opportunity – Williamsburg, VA submarket RevPAR average currently sits at $91.25 per key, per CoStar analytics.
  • Hotel Construction Pipeline – There are currently zero properties under construction in Williamsburg, VA, proving a stable hospitality ecosystem.
  • 70% PIP Completion – The Upper Midscale has completed roughly 70% of its major renovation per Wyndham standards.

OVERVIEW

Matthews, in conjunction with Chris Beavers and Mitchell Glasson is pleased to present the exclusive offering of the Holiday Inn & Suites San Antonio Northwest. Strategically positioned across the street from Water Country USA, Virginia’s largest water park, and just 4 miles from renowned Busch Gardens amusement park, this property sits at the heart of Williamsburg’s most inhabited quadrant of tourism. The hotel is also surrounded by a diverse mix of demand drivers, including The College of William and Mary, insuring strong year-round business. In addition, the property is just minutes away from the Yorktown Naval Weapons Station, a crucial Navy ordinance facility for ammunition storage and loading, completing the Northern point of the “Historic Triangle” - a region with deep military ties dating back to the Revolution. The Broader Hampton Roads area, the southern most tip of the “Historic Triangle”, has one of the largest concentrations of military personnel and assets in the U.S., with facilities for all service branches. INVESTMENT HIGHLIGHTS Abundance of Hotel Demand Drivers – The Wyndham Garden Hotel Williamsburg is surrounded by a plethora of popular hotel demand drivers, including the 422-acre amusement park Busch Gardens (4 mi.), Virginia’s largest water park, Water Country USA (0.1 mi.), William & Mary (5 mi.), one of the nation’s first and still highly regarded research universities, and the historic Jamestown Settlement (8 mi.) which draws roughly 600,000 visitors per year. Value and Upside Opportunity – Williamsburg, VA submarket RevPAR average currently sits at $91.25 per key, per CoStar analytics, proving tremendous cash flow potential after partial renovation and stabilization is achieved. The property has fallen well below this submarket average as a result of the rigorous renovation efforts over the past two years. Hotel Construction Pipeline – There are currently zero properties under construction in Williamsburg, VA, proving a stable hospitality ecosystem with no impending threats of new competition. 70% PIP Completion – The Upper Midscale has completed roughly 70% of its major renovation per Wyndham standards, leaving only a minority portion of the PIP to complete. Significant items of completion include: fully renovated lobby, bar, kitchen, dining room, mattresses, and full completion of 120 guest rooms. The call for offers deadline for this listing is February 2nd, 2026. Tours will be hosted in late January for those who provide proof of funds. Visiting the property without permission and/or speaking with staff about the sale is strictly prohibited. Doing so will result in your disqualification of bidding for the asset. Kyle Matthews License # 226035518 (VA) Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

195

PRICE/ROOM

$45,128 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyndham Garden Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

8

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.01 AC

LAND SF

261,796 SF

ZONING

-

APN/PARCEL ID

H13B-3179-3929

ASK ABOUT THIS PROPERTY

Chris BeaversMatthews Real Estate Investment ServicesMore Info
629-262-0382

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Chris BeaversMatthews Real Estate Investment ServicesMore Info
629-262-0382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.