Comfort Suites Wytheville

  • 2019 Revenue
    $996,584
  • 2019 NOI
    $347,048 (34.8%)
  • Parcel ID
    041A-001-0000-0082A
  • Year Built
    2006
  • Pricing Guidance
    $3,700,000
  • Room Count
    56
  • Price Per Key
    $66,071
  • Acres
    1.1

Marcus & Millichap is pleased to offer the opportunity to acquire the three story, 56-key, Comfort Suites Wytheville located at 695 Peppers Ferry Road, Wytheville, Virginia 24382. This property was originally built as a Country Inn & Suites in 2006 and is being offered below replacement cost with the ability to retain the current franchise. The subject property is well situated on 1.10 acres and is conveniently located where Interstate 77 and Interstate 81 intersect, resulting in a high average daily traffic count of 55,000 vehicles per day. The well-appointed guest rooms offer free Wi-Fi, flat-screens, desks and living areas with sofa beds, plus minifridges, microwaves and coffeemakers. The Comfort Suites features many amenities including a complimentary breakfast buffet, free parking for large vehicles, and a lobby lounge with a fireplace. Other amenities include an indoor pool, a hot tub and an exercise room, as well a business center and meeting space which can accommodate up to 25 guests. Laundry facilities are located on the property for added guest convenience. The property recently underwent a significant renovation in 2019 and is being offered with a minimal PIP requirement.  This hotel is less than one mile from the Wytheville Meeting Center convention facility, as well as Wytheville Community College.

Just off Interstates 77 and 81, the conveniently located hotel puts travelers at the doorstep to Virginias alluring attractions. The city of Wytheville, VA sits in Wythe County in the southwest part of the state. Wytheville offers an abundance of indoor and outdoor recreation including Big Walker Mountain Forest Scenic Byway, The Claw of the Dragon motorcycle trail, Fly fishing in Cripple Creek, Edith Bolling Wilson Museum, Wolf Creek Indian Village Museum, Haller Gibboney Rock House Museum, and Wythe Raceway. Major employers located in Wytheville, VA include the Wythe County Schoolboard, Wythe County Community Hospital, Wytheville Community College, Wal Mart, The Gatorade Co., and The Pepsi Bottling Group. Comfort hotels are part of the Choice Hotel family and include 1800 properties nationwide. Hundreds of Comfort Inn & Comfort Suites have a fresh new look.

Choice Hotels International, Inc. is a hospitality franchisor based in Rockville, Maryland, United States. The company, which is one of the largest hotel chains in the world, owns several hotel brands ranging from upscale to economy.

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Contact Agent

agent

Chase Dewese

Associate - National Hospitality Group

201 S. Tryon St.
Suite 1220
Charlotte, NC 28202

(704) 831-4636

chase.dewese@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Joce Messinger

    Director, National Hotel Group

    151 Meeting Street
    Suite 450
    Charleston, SC 29401

    (843) 952-2255

    joce.messinger@marcusmillichap.com

    contact agent

      Contact Agent

      agent

      Milin Mehta

      Associate - Hospitality Division

      201 S. Tryon St.
      Suite 1220
      Charlotte, NC 28202

      (336) 587-3465

      milin.mehta@marcusmillichap.com

      contact agent