Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 140-room, mid 1970s-constructed Best Western located in Williamsburg, Virginia. The hotel is a four-story property located within close proximity to Interstate 64 and directly off of U.S Highway 60, the major thoroughfare in Williamsburg. A popular tourist destination, Williamsburg is one of Virginia's most visited cities. The city contains a wide variety of diverse demand generators and is best known for its historic colonial areas as well as Busch Gardens Williamsburg, an attraction which has been named "The World's Most Beautiful Theme Park" 28 years in a row. The Best Western offers the opportunity for a new owner to acquire a value-add property in an established market with minimal Property Improvement Plan (PIP) / renovation costs expected for a new owner.
