5793 Greenwich Rd - Hospitality FOR SALE
Virginia Beach, VA 23462 |
5793 Greenwich Rd
Virginia Beach, VA 23462
HIGHLIGHTS
- Fee simple interest in Hampton Inn Norfolk Virginia Beach, a 120-room select-service hotel centrally located in Hampton Roads region
- Virginia Beach is the most resilient lodging market in the country with the least YoY RevPAR decline from 2019 to 2020
- Durable cash flow with 2021 RevPAR figures reaching 91% of 2019 performance
- Premium Hilton brand with 15-year license renewal in hand
- Centrally located off I-64 and I-264 with convenient access to Downtown Norfolk (east) and Virginia Beach beaches (west)
- Surrounded by stable and growing demand drivers including four major military bases, Sentara Leigh Hospital, and redevelopment of a 75-acre Mall
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Hampton Inn by Hilton Norfolk/Virginia Beach
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
52752
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1990
PARKING SPACES
96
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
17
APN/PARCEL ID
1467-04-8925
