ECONO LODGE
Woodstock, Virginia
Highlights
3 Bed / 2 Bath Manager's Apartment On-Site
Upside Available by Converting Additional Rooms
On-Site Restaurant will Renew 5-Year Net Lease
Consistently Outperforms the Competitive Set
Only Budget Hotel within City Limits
Central Location between Harrisonburg & Winchester
Recently Renovated | Minimal PIP
List Price: $2,275,000
PIP: $40,000
Rooms: 40
CAP Rate (Current): 8.70%
CAP Rate (Year 1): 10.18%
Lot Size: 3.27 Acres
Occupancy Index: 126%
RevPAR Index: 107%