Services - Hotels & Other Lodging

Asking Price	$3,900,000	Inventory	$25,000**
Gross Income	$800,000	Real Estate	$3,900,000(Bus/Bldg/Prop)*
Cash Flow	$115,000	Year Established	1085
FF&E	$330,000*	Employees	12

* included in the asking price

** not included in the asking price

This Suites/Hotel is nestled on a beautiful, 3.5 Acre piece of property in a very attractice and convenient part of Historic Williamsburg. It has 122 Rooms/Suites and is located very near to many existing restaurants such as Cracker Barrel, Golden Corral, Hooter's, Mirabella's Italian, and Uno's Chicago Bar and Grill, and nearby to great shopping. Also well situated to such very attractive tourist attractions such as Colonial Williamsburg, Jamestown Settlement, and Yorktown Victory Center. The hotel offers complimentary high speed wireless internet access in all rooms, complimentary continental breakfast, largest outdoor swimming pool, and luxury suites.

Facilities: This is a beautifully appointed and newly renovated, 25 year old Suites Hotel, featuring 122 rooms and suites. Sits on beautiful, 3.5 acre property in Historic Town of Williamsburg, near restaurants, shopping,and Colonial Williamsburg. Plenty of free parking. There is ample room to construct a medium sized restaurant on site if desired.

Competition: There are a number of Hotels/Motels in the area, though all appear to be thriving due to high tourist trade in the Williamsburg, Yorktown, and Jamestown areas.

Growth/Expansion: The main area for expansion would be the addition of some type of on site restaurant.

Financing: Seller will consider some financing for a well qualified buyer

Support/Training: Seller will provide up to 4 weeks training in the entire phase of running a hotel and Inn.

Reason Selling: Owner is retiring and moving in new direction.