500 Merrimac Trl
Williamsburg, VA 23185

Auction:5/30 - 6/1: Williamsburg Full Service Hote Property tours are available by appointment. Please contact the listing broker to schedule a tour. Investment Highlights: *Not encumbered by franchise or management *Ideal rebranding opportunity *20,000 SF of meeting space and Two restaurants and bars *Over $4 million in renovations since 2007 Investment Overview: The property is situated on approximately 6.4 acres of land in a renaissance corridor with a growing entertainment venue including brewpubs, distilleries, and growing commercial demand. The building is 160,000+/- square feet, made up of 250 rooms in three different sections. Redevelopment opportunities are plentiful including conversion to Senior Living, Dual branded Hotel, possibly student housing, or a combination thereof. Commercial demand is growing along this corridor and consideration could be given to demolition of a section of the hotel opening up a lit intersection for retail use. This is a great opportunity for a developer/operator with vision. This property is located central to area demand generators and all major transportation points for the peninsula region. Most highway travelers reach Williamsburg via nearby Interstate 64, U.S. Route 60, and State Route 143, each major east-west highways. Commercial airline service is available at Newport News/Williamsburg International Airport (20 miles), and at Richmond and Norfolk airports (both 55 miles). All are located along I-64. The area offers several attractions, retail, golf, and conference supporting amenities.