757-589-6954
3950 Fair Ridge Dr, Fairfax, VA for Sale
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3950 Fair Ridge Dr
Fairfax, VA 22033
Chantilly


HIGHLIGHTS

  • Recently Renovated Product with Minimal Outstanding PIP | Underwent a $5.2-million-dollar Renovation in 2020-2024
  • Opportunity to Retain a Long-Term License with Hilton for the Hilton Garden Inn Flag
  • Significant Revenue and NOI Growth Potential Via Replacing Out-Of-State Operator
  • Significant Upside Potential to Additional Income Streams Such as Food and Beverage
  • Significant Upside Potential to Rooms Revenue as Evidenced By STR | 92% RevPAR Index

OVERVIEW

Colliers, as an exclusive representative of ownership, is pleased to present to qualified investors for their acquisition consideration the Hilton Garden Inn Fairfax, located at 3950 Fair Ridge Dr, Fairfax, VA 22033. The hotel features 149 well-appointed guest rooms and is conveniently located at the intersection of U.S. 50 / Lee Jackson Memorial Highway (72,364 vehicles per day) and Ox Road (32,193 vehicles per day). The asset was constructed originally in 2002 is situated on an expansive 4.05-acre site. The property recently underwent a $5.2-million-dollar renovation and is expected to trade with minimal change-in-ownership PIP to retain a long-term license with Hilton. The hotel is unencumbered of third-party management and is offered to investors with fee-simple interest. The hotel offers a variety of amenities including a full-service restaurant and bar, a fitness center, 5,065-square-feet of meeting space, 2,200-square-feet of pre-function space, and a 1,670-square-foot patio, contributing to total gathering spaces of 8,955-square-feet.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

149

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilton Garden Inn Fairfax

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

222

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,226 SF

ZONING

PDC

APN/PARCEL ID

0463-01-0014B1

ASK ABOUT THIS PROPERTY

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.