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Motel, Hotel, Bed & Breakfast, or Resort For Sale In Virginia

Address: Virginia
Listing Type: Other Resort

Other Features or Comments about the Hotel / Motel / Bed & Breakfast for Sale:

RV Park/Marina/ Hotel Inn Resort, located in the Southeastern US. Value-Add with multiple future development plans, makes this a unique opportunity to purchase a stabilized cash flowing asset while creating future value. All RV Sites and Boat slips are paid 12 months up front. The Marina Boat slips is 99% occupied with 17 new docks slated to be started in the fall. There is also a new five year lease with the most reputable and largest boat rental company in the region. The RV Park is 96% occupied with the 4 of the vacant sites being leased on short term basis, therefore, overall occupancy is closer to 98%. The Hotel Inn is enjoying steady growth, due to the recent upgrades to the entire Hotel (There are future expansion plans for the INN as well). There is a commercial building with commercial zoned land that is included in the sale, as well as a rental house, of which both are leased. There is a land sale note for an onsite waterfront restaurant of which the existing note receivable and income is included with the sale. There is a 3.44+/- residential property included in the sale.

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Seller Information

Contact Name: Todd D. Conner
Blackwater Commercial
4502 Starkey Road, S.W. - Suite 10
Roanoke, VA 24018
Phone Number:
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Last Revised:  December 21, 2017

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