For Sale, OFFERED UNPRICED - Commercial, Hotel
This beautiful, well-maintained hotel is just ten years old, and is in “like new” condition. The current owners built this 100-key, four-story interior hotel and achieved a 100% score on their recent IHG inspection. Part of the Washington DC Metropolitan area, its great location allows quick access and close proximity to numerous major demand generators in government, business and leisure categories, and has a daily traffic flow of 30-35,000! In addition to all standard amenities, this hotel features a picnic space, terrace and garden areas, and a snack bar and deli. Star Reports reflect consistent strong performance, with opportunity to further increase occupancy, ADR and REVPAR through dedicated hands-on management and increased market share. Current absentee owner has GM and management company. New owner should be able to quickly cut expenses to increase income to over $4M.
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