REDUCED: Comfort Inn – Virginia Horse Center – 62 Comfort Way Lexington, VA

October 9, 2024 by

Price: $5,800,000
Address: 62 Comfort Way
City: Lexington
State: VA
ZIP: 24450
Rooms #: 80

Additional Features:

DEAL FEATURES

Four-story, limited-service franchise in Virginia college town
Great visibility and access to Interstates 81 and 64 at the area’s premier lodging interchange
Interior corridor hotel with concrete block construction
Stable history of occupancy and revenue production
Priced to sell well below replacement cost

BUILDING OVERVIEW

4 Stories, Interior Corridor
±37,555 Square Feet Building
Concrete Block and Plank Construction
Brick Façade
Flat Roof with Rubber Membrane
Asphalt Parking Lot—±82 Spaces
1.67 Acres

PROPERTY HIGHLIGHTS

80 Guest Rooms
Built in 1986
Wireless Internet
Breakfast Area—Seats ±25 People
Guest Laundry
One ThyssenKrupp Elevator
Indoor Pool

Highly Impressed By His Knowledge And Integrity

I have worked with David Mumford and Mumford Company on several transactions over the last 13 years, and I’ve been highly impressed by his immense knowledge of the hospitality industry, specific brands and his integrity. I thank David and his group for their vast knowledge in this industry and look forward to working with them again!

Jay Patel

A Pleasure Working With You

"Dear Mr. Kirby ... Armen and I would like to thank you, Burton Brooks and your company for helping to sell our property. We would like to especially thank Mr. Brooks for his hard work and due diligence. We can honestly say that it was a pleasure working with both of you. ... Both you and Mr. Brooks made this an extremely positive experience. We will always highly recommend The Mumford Company and hope to continue to do future business with you. God Bless, Always."

Armen and Priti Grigorian

Beyond Normal Broker Expectations

Ed, You went beyond normal 'Broker" expectations and responsibilities with all your Best Western communications and planning for the transfer of the membership as well as working with the purchaser though the whole process. I have never seen a Broker do so many well done tasks to get a hotel sold. You are the man,

Harvey Moore

I truly appreciate it

"Thanks very much for your cooperation in this transaction. It was a pleasure working with you all. I truly appreciate it. It was also pleasure working with seller for their their understanding and full cooperation."

Pravin K. Patel

A “win / win” for every deal

I have worked with David and Mumford & Co - Hotel Brokers since 1991. I have used them numerous times as both a seller and a purchaser. David’s deep knowledge of the market and timeliness in working the "deal" is without question the best I have experienced in the hotel real estate brokerage. In these challenging times, I value David’s integrity and creative ideas in getting to a "win / win" for every deal we work on. My highest recommendation!

Michael L. Allen

New Albany Hampton Inn

"Dear Robert ... You recommended the Mumford Company two years ago, and I could not have been more pleased. As you know, the sale of the New Albany Hampton Inn was challenging. Steve Kirby and the rest of his team were very professional, gave me consistently good advice, was clearly on our side through the whole ordeal, I always felt very well represented by them and were a joy to work with from beginning to end."

Kevin S. McKenney