5094 State Park Rd - Hospitality FOR SALE


Dublin, VA 24084
$3,800,000 USD
304-228-1900
5094 State Park Rd, Dublin, VA for Sale
$3,800,000 USD
Hospitality - FOR SALE
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5094 State Park Rd
Dublin, VA 24084


HIGHLIGHTS

  • 3 Story Interior Corridor, 2003 Construction, 67 Keys
  • Recently Renovated to Current Brand Standards
  • Located off Interstate 81, a major north-south corridor
  • Multiple Rebranding Opportunities with Various Franchises including Hilton & Marriott
  • Rebounding Financial Performance
  • Strategic Location Nearby Demand Drivers

OVERVIEW

DDM Hotels – Marcus & Millichap is pleased to offer for sale the Wingate by Wyndham located in Dublin, VA. The Wingate is strategically positioned off Interstate 81 with close by proximity to all local demand generators. The hotel is coming out of a lengthy renovation and in the process of stabilizing. Historical Room Revenues are greater than $1,100,000+ as a non-renovated Sleep Inn by Choice Hotels.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$175 USD /SF

# OF ROOMS

67

PRICE/ROOM

$56,716 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate by Wyndham Dublin Near Claytor Lake

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2003

PARKING SPACES

68

LAND DETAILS

LAND ACRES

4.44 AC

LAND SF

193,406 SF

ZONING

PB3

APN/PARCEL ID

07291

ASK ABOUT THIS PROPERTY

Chase DeweseMarcus & MillichapMore Info
304-228-1900

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Chase DeweseMarcus & MillichapMore Info
304-228-1900

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