Owner Financing is Available
Business for Sale Overview:
This Suites/Hotel is nestled on a beautiful, 3.5 Acre piece of property in a very attractive and convenient part of Historic Williamsburg. It has 122 Rooms/Suites and is located very near to many existing restaurants such as Cracker Barrel, Golden Corral, Hooter's, Mirabella's Italian, and Uno's Chicago Bar and Grill, and nearby to great shopping. Also well situated to such very attractive tourist attractions such as Colonial Williamsburg, Jamestown Settlement, and Yorktown Victory Center. The hotel offers complimentary high speed wireless internet access in all rooms, complimentary continental breakfast, largest outdoor swimming pool, and luxury suites.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Included in the Asking Price:
Furniture, Fixtures & Equipment: $330,000;
Real Estate: $3,900,000 (Bus./Bldg./Prop.).
Facilities: This is a beautifully appointed and newly renovated, 25 year old Suites Hotel, featuring 122 rooms and suites. Sits on beautiful, 3.5 acre property in Historic Town of Williamsburg, near restaurants, shopping,and Colonial Williamsburg. Plenty of free parking. There is ample room to construct a medium sized restaurant on site if desired.
Financing: Seller will consider some financing for a well qualified buyer.
Support/Training: Seller will provide up to 4 weeks training in the entire phase of running a Hotel and Inn.
Market Competition and Expansion:
Competition: There are a number of Hotels/Motels in the area, though all appear to be thriving due to high tourist trade in the Williamsburg, Yorktown, and Jamestown areas.
Growth and Expansion: The main area for expansion would be the addition of some type of on site restaurant.
Reason for Selling:
Retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: