Clay Robinson
Williamsburg
502026870
Services: Hotel, Motel, Lodging
$3,900,000
1984
11
$800,000
$115,000
Not Disclosed
Not Disclosed
Not Disclosed
$20,500
$2,800,000
Reason for Selling:
Owner retiring, moving in new direction
Overview of the Business:
Hotel with Suites nestled on a beautiful, 3.5 Acre parcel in very attractive part of Historic Williamsburg, VA. 24 year old business has recently been renovated with all new furnishings. Hotel adjacent to Cracker Barrel, Uno's Chicago Bar & Grill, near great shopping, other hotels, and walking distance to new movie theater and new real estate developments. 122 Room facility features breakfast area and features largest outdoor swimming pool. Property priced $1,000,000 under tax assessed value. Property has parcel large enough to subdivide into a medium size restaurant if desired. Williamsburg area one top 5 family destinations in U.S. with its Theme Parks, History, shopping outlets, and over 12 golf courses.
Property Features and Assets:
122 Rooms, over 150 parking spaces, 3.5 Acres, new furnishings in rooms, 3 Story complex. Property can be operated as hotel now, with later plans possible for future other unique development if preferred. Franchise is one of only ones with Suites in U.S.
Additional Details: