4522 Richmond Hill Rd Warsaw, VA 22572

Property Details for 4522 Richmond Hill Rd

Year built

1997

Lot size

1.40 lot acres

Property size

22,280 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional 40-key Quality Inn hotel presents a compelling investment opportunity. Situated on a 1.4-acre lot in Warsaw, Virginia, this two-story, interior-corridor hotel boasts a prime location on US 360 (13,717 vehicles daily), offering excellent visibility and accessibility. Built in 1997, the property is in excellent condition with all 40 rooms currently rentable. Over the past four years, this hotel has consistently outperformed its competitors, achieving impressive RevPAR penetration indexes (135% in 2021, 118% in 2022, 108% in 2023, and 107% in the trailing twelve months ending June 2024). This success is attributed to its superior location and high-quality guest rooms. A new owner could potentially improve operating metrics further, given the current ownership's out-of-state location. The minimal expected change-in-ownership PIP (Property Improvement Plan) from Choice Hotels ensures a smooth transition for the new purchaser, who can anticipate a long-term franchise agreement. The hotel benefits from diverse demand generators, including tourism (nearby historic sites, museums, and recreational areas), military (proximity to the Naval Surface Warfare Center Dahlgren Division), medical (near Riverside Tappahannock Hospital), university (one mile from Rappahannock Community College), and transient travelers due to its convenient access to major highways (US 360 and US 17). Financial history, including revenue, NOI, ADR, and occupancy, is available upon request and execution of a confidentiality agreement. This is an ideal property for an owner-operator seeking a manageable key count and strong potential for return on investment. The property is offered as fee-simple interest.

Location Insight

City

Warsaw

County

Richmond

State

Virginia

Longitude

-76.7

Latitude

37.9476