Price: $15,000,000
Address: Interstate 64, Exit 120 (5th Street)
City: Charlottesville
State: VA
ZIP: 22902
Rooms #: 132
Address: Interstate 64, Exit 120 (5th Street)
City: Charlottesville
State: VA
ZIP: 22902
Rooms #: 132
Additional Features:
DEAL FEATURES
- Superior location at Charlottesville’s premier lodging interchange—Interstate 64, Exit 120 (5th Street)
- Great access and visibility at the major access corridor to downtown Charlottesville
- Charlottesville is home to the acclaimed University of Virginia and to Monticello (Home of Thomas Jefferson)
- Solid history of revenue, occupancy and RevPAR generation
- Priced to sell far below replacement cost
- Charlottesville’s only competing Holiday Inn (Emmet St.) is being removed from inventory and converted to multi-family housing
BUILDING OVERVIEW
- 6 Stories, Interior Corridor
- Concrete Construction
- Stucco & Brick Façade
- Flat, Built-Up Roof
- Asphalt Parking Lot
PROPERTY HIGHLIGHTS
- 132 Guest Rooms
- Built in 1974
- Wireless Internet
- 5th Street Grille (Seats ±60 People)
- Meeting Space (±1,100 Sq. Ft.)
- Business Center
- Guest Laundry
- Outdoor Pool & Hot Tub
Financials
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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!
