Investment Highlights

• Fee simple interest in the 98-unit, Holiday Inn Express & Suites Blacksburg – University Area, located in Blacksburg, Virginia
• Located directly off US-460 | Close proximity to all demand generators
• Virginia Tech, located less than 1 mile away, is a 4-year public research university with an enrollment of over 37,000 students
• Roanoke- Blacksburg Regional Airport, 27 miles away, offers flights from major airlines including Delta, American, and United Lewis
• Gale Hospital Montgomery, located 3.5 miles away, is 146-bed hospital that offers medical, surgical and emergency services
• Located 4.5 miles away, Uptown Christianburg provides an enclosed shopping mall with a variety of stores

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 94-unit, Holiday Inn Express & Suites Blacksburg – University Area, located in Blacksburg, Virginia. The subject property benefits from it’s strategic location less than 1 mile from Virginia Tech, a 4-year public research university with more than 37,000 students and hundreds of degree programs. The Holiday Inn Express & Suites was built in 2000 and features 5 floors of well-maintained guest rooms. Common area amenities featured at the hotel include an indoor heated swimming pool, large fitness center, shared lobby lounge area with TV, and a business center with print, copy, and scan machines. The property features meeting rooms well equipped to host corporate events. Guests can enjoy complimentary breakfast and on-site parking during their stay. Each guest room provides free Wi-Fi, flat-screen smart TV, in-room coffee & tea maker, iron & ironing board, desk with lamp, microwave, refrigerator, and hairdryer.

The Holiday Inn Express & Suites is located in Montgomery County in the north western region of Virginia. The area is primarily known for being home to Virginia Tech University, which is ranked as the 48th research university in the U.S. and offers undergraduate, graduate and doctoral programs. The hotel is situated off Highway-460, 11 miles from Interstate-81 which runs northeast across Virginia. Larger metro, Roanoke, is located about 40 miles away and offers a large supply of outdoor attractions, including the Blue Ridge Mountains and Appalachian Trail. Roanoke is included in Virginia’s Blue Ridge Region which is known for incredible mountain biking trails, earning it the title of the east coast capital for mountain biking. For traveling to the area, the Roanoke-Blacksburg Regional Airport, located 27 miles away, features flight from major airlines, including Delta, United and American.