Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed 80-room Residence Inn by Marriott Richmond West End
- Offered unencumbered by debt and management
- Ability to relicense with Marriott, with license term to be determined in discussions with brand
- PIP scope and cost expected to be reflective of and appropriate for available relicense term
- Located near the intersection of Interstate 64 & US 250 with upwards of 111,000 vehicles passing the area daily
- Adjacent to the University of Richmond and convenient to all educational demand including the Virginia Commonwealth University and Virginia Union University
- Proximate to neighboring leisure demand such as The Valentine, Virginia Museum of History and Culture, Science Museum of Virginia, and Lewis Ginter Botanical Garden
- Proximate to neighboring healthcare demand including Henrico Doctors, St. Marys Hospital, and Children’s Hospital of Richmond
- Readily accessible to all broader regional demand such as Kings Dominion, Altria Theatre, Deepwater Industrial Park, Scotts Addition, and top employers including Dominion Energy, Truist, and Federal Reserve Bank
- Ideal time to be investing in the Virginia State Capitol, home to seven Fortune 1000 headquarters, $2.4B revitalization that includes a ballpark and 1,000 units of housing, $1.4B Casino development and the upcoming $30M Riverfront Amphitheater