250 Conicville Rd
Mount Jackson, VA 22842

Marcus & Millichap's National Hospitality Group, as exclusive representative of the seller, is pleased to present to qualified investors, the dual-branded Motel 6 / Studio 6 Mount Jackson, located in Mount Jackson VA. Ownership has invested over $760,000 since 2020 ($418,000 in 2022 alone) to position the property for even greater future success as well as introduce in August 2022, the Studio 6 extended-stay brand to the property and market. Very minimal PIP is anticipated given the extensive renovations that have been completed. Property is in SUPERIOR CONDITION. Situated on a 2.53 acre lot, the 92 room, 2-story exterior corridor property benefits from a superior location, siting directly adjacent to I-81 (exit 273) and with tremendous interstate visibility. I-81 traffic volume at this exit is 24,000 vehicles per day, making Motel6/Studio 6 ideally situated to capture business from leisure and business/commercial travelers making their way up and down the busy I-81 corridor. Subject property sits adjacent to the massive Liberty Truck Stop, a facility designed to accommodate 150 trucks per night as well as a Sheetz Travel Center and Tesla Supercharger location. While the property has performed well historically, results continue to fall short of potential due to current ownership being completely absent from daily involvement in property operations. Even in 2022, with 40 rooms out-of-order during peak season for renovation and the disruption caused by renovation, property was able to generate revenues in excess of $750,000. Subject property generated impressive results in 2021 with revenues exceeding $855,000. Absentee ownership is especially noticeable in property's under-performing operational margins, which significantly fall short of industry averages (see detail). A new, hands-on owner/manager should be able to leverage the renovated product, recent introduction of an extended-stay product and property's superior location to significantly and immediately improve results. Mount Jackson lies near the center of the Shenandoah Valley and only 90 minutes from Northern Virginia and Washington D.C. Added to the National Register of Historic Places in 1993, Mount Jackson is home to some of the best attractions in Shenandoah County, providing easy access to all the ski slopes at Bryce Resort, Shenandoah and Luray Caverns, local vineyards and breweries, hiking, biking, paddling and other outdoor activities the Shenandoah Valley is known for.