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Holiday Inn - Richmond, VA ~~$4,500,000~~ $4,200,000
•	Strong Location on Interstate 64 & 95.
•	Great Visibility and Direct Access in Virginia’s Capital City; with State Government Offices throughout the Region.
•	Zodiac Restaurant (Leased).
•	Plentiful Meeting and Conference Space.
•	Concrete Block and Steel Construction.
•	Priced Well Below Replacement Cost.

Location/Market

3207 North Boulevard
Richmond, VA 23230

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Centrally Located in City of Richmond.

Richmond Metropolitan Statistical Area Is Home to 1,233,300 People.

Highly Visible from Interstates 64 / 95 and Situated at Foot of Ramp.

Only 2 Miles from Downtown Richmond and State Capitol Grounds.

Close to Regional Demand Generators, Including…

•	0.5 Miles to Arthur Ashe, Jr. Athletic Center
•	0.5 Miles to Bow Tie Cinema
•	1.5 Miles to Virginia Museum of Fine Arts
•	1.7 Miles to Virginia Commonwealth Center & Siegal Center
•	2 Miles to Richmond Raceway Complex, Home to 2 NASCAR Races Annually
•	2 Miles to Lewis Ginter Botanical Gardens
•	3 Miles to Richmond Convention Center
•	12 Miles to Richmond International Airport

Physical Plant
176 Rooms	Concrete & Steel Structure
Zodiac Restaurant (Leased)	Brick Facade
Meeting Space (5,800 Square Feet)	Flat, Built-Up Roof
Exercise Room	Asphalt Parking Lot
Recreational Courtyard with Pool	Built 1974
3 and 4 Stories
Interior & Exterior Corridors

Financials
	2008	2009	T-12 Mos. thru 7/10
Occupancy	39.4%	31.3%	33.2%
Average Daily Rate	$84.58	$80.70	$74.33
Room Revenue	$2,137,824	$1,619,921	$1,583,565
Net Operating Income	$557,804	$209,578	N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.

This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!

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Holiday Inn - Richmond, VA $4,500,000 $4,200,000