5793 Greenwich Rd | Virginia Beach, VA 23462
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5793 Greenwich Rd
Virginia Beach, VA 23462
Hampton Inn by Hilton Norfolk/Virginia Beach · Hospitality Property For Sale · 52,752 SF
Investment Highlights
- Fee simple interest in Hampton Inn Norfolk Virginia Beach, a 120-room select-service hotel centrally located in Hampton Roads region
- Durable cash flow with 2021 RevPAR figures reaching 91% of 2019 performance
- Centrally located off I-64 and I-264 with convenient access to Downtown Norfolk (east) and Virginia Beach beaches (west)
- Virginia Beach is the most resilient lodging market in the country with the least YoY RevPAR decline from 2019 to 2020
- Premium Hilton brand with 15-year license renewal in hand
- Surrounded by stable and growing demand drivers including four major military bases, Sentara Leigh Hospital, and redevelopment of a 75-acre Mall
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 4 |
Property Subtype | Hotel | Year Built/Renovated | 1990/2019 |
Building Class | B | Tenancy | Single |
Lot Size | 1.00 AC | Parking Ratio | 1.82/1,000 SF |
Building Size | 52,752 SF | Corridor | Interior |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.00 AC |
Building Size | 52,752 SF |
No. Stories | 4 |
Year Built/Renovated | 1990/2019 |
Tenancy | Single |
Parking Ratio | 1.82/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
Parcel Number | 1467-04-8925 | Improvements Assessment | $7,988,700 |
Land Assessment | $772,900 | Total Assessment | $8,761,600 |
PROPERTY TAXES
Parcel Number
1467-04-8925
Land Assessment
$772,900
Improvements Assessment
$7,988,700
Total Assessment
$8,761,600
zoning
Zoning Code | 17 |
17 |
Learn More About Investing in Hospitality Properties
Listing ID: 25329815
Date on Market: 3/25/2022
Last Updated:
Address: 5793 Greenwich Rd, Virginia Beach, VA 23462
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