Renovated Extended-Stay
For Sale
Contact for pricing
1135 Millwood Pike, Winchester, VA 22602
Four-story lodging property with an interior corridor design, 70 units, and extensively upgraded guest and common areas.
Property SizeContact for details
Lot Size1.38 Acres
Days on Market141
Property Features for 1135 Millwood Pike
General Information
Standard status
Active
Lot size
1.38 Acres
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2007
Year Renovated
2021
Buildings
1
Stories
4
Abandoned
No
Listing Agency:
Colliers - Richmond, Virginia
(804) 441-7722
Listed By:
Luke McKown · License #0225266266
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 4:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Richmond, Virginia
Investment Insights
Based on property information with market context.
Candlewood Suites Winchester is a 70-unit extended-stay hotel arranged across four stories with interior guest corridors. Constructed in 2007, the property underwent an extensive interior renovation from 2019-2021. Improvements included a redesigned lobby, refreshed sundry market, new business center, renovated fitness center, updated corridors, and remodeled guest rooms with upgraded case goods, soft goods, and bathrooms.
The 1.38-acre hotel fronts Route 50/Route 17, which carries 18,375 vehicles per day, and provides access to Interstate-81, reporting 68,536 vehicles per day. Shenandoah University is 0.8 miles away, Winchester Medical Center is 4 miles from the property, and Winchester Regional Airport is a 2.4-mile drive. The hotel is also positioned near the Shenandoah Valley Discovery Museum, Museum of the Shenandoah Valley, Shenandoah National Park, Apple Blossom Mall, and multiple area employers.
The offering includes fee-simple interest and is unencumbered by third-party management and debt. The hotel is expected to trade with a long-term IHG license and minimal change-in-ownership PIP.
The 1.38-acre hotel fronts Route 50/Route 17, which carries 18,375 vehicles per day, and provides access to Interstate-81, reporting 68,536 vehicles per day. Shenandoah University is 0.8 miles away, Winchester Medical Center is 4 miles from the property, and Winchester Regional Airport is a 2.4-mile drive. The hotel is also positioned near the Shenandoah Valley Discovery Museum, Museum of the Shenandoah Valley, Shenandoah National Park, Apple Blossom Mall, and multiple area employers.
The offering includes fee-simple interest and is unencumbered by third-party management and debt. The hotel is expected to trade with a long-term IHG license and minimal change-in-ownership PIP.
Key Highlights
- 70‑unit extended‑stay hotel on a 1.38‑acre parcel
- Interior corridor configuration across four stories; built in 2007
- Interior renovation completed from 2019‑2021
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 22602, VA
30,865
Population
11,716
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
113.5 sq mi
ZIP Area
272
Density / Sq Mi
$99,534
Median Household Income
$49,199
Median Earnings
$1,367
Median Rent
$351,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Four-story lodging property with an interior corridor design, 70 units, and extensively upgraded guest and common areas.
Where is this hotel located?
The property is located at 1135 Millwood Pike Winchester, VA.
What are key features of this property?
This property features: 70‑unit extended‑stay hotel on a 1.38‑acre parcel; Interior corridor configuration across four stories; built in 2007; Interior renovation completed from 2019‑2021
