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Listing ID: 410

Property Name Ingleside Resort & Conference Center
City Staunton
State, Province, Region Virginia
Country USA
Zip/Postcode (where applicable)
Property Listed By Private Seller
Type Hotel
Total rooms 167
Describe rooms:
Owner or Manager's Living quarters No
Site size
Year built
Number of buildings
Number of stories
Construction type
Corridor Interior
AMENITIES
Swimming Pool No
Others features
Others
Occupancy Rate
Average occupancy
Average daily rate
Room revenue:
Other revenue
Total annual revenue
PROPERTY FINANCING:
Assumable Loan No
If leased, terms
Franchise No
Rating (if any)
Owner finance
Down payment
Brief Description Hotel And Conference Center Closed in 2006 And Needs Renovation, (The Conference Center Was Demoed in 2014) Golf Course Is In Operation.
Detailed Description of Business Bring all Offers!!!!

The Ideal Location For The Developer with quality visions!!!

The Unlimited Possibilities of this property are immense. 167 room “Closed” hotel and conference center that needs renovation. All asbestos remediation is complete on the hotel and is now ready for your vision.

The 18 hole public championship golf course is operating and averages 20,000+ rounds a year (of course more when hotel is in operation). The golf course has been in existence since 1929. (Fred Findley Designed)

DESCRIPTION: The Resort is located at 1450 Commerce Road in Staunton, Virginia 24401, Within five minutes of Major Interstate 81, 4 miles (ten minutes) from Major Interstates 81 and 64 exchanges, 45 minute commute from Charlottesville Va., 2 1/2 hours from DC and Northern Virginia, 2 hours from Roanoke Va. and 30 minutes from Harrisonburg Va. The Shenandoah Valley Regional Airport is twenty minutes away.

There are 9 colleges and universities within a twenty five mile radius of the property.

There is 183.019 +/- acres in the city limits of Staunton, Virginia with city water and sewer. Along with The Best And Last Long Commercial Road Frontage Left In This Part Of The City.

All this $6M net to seller.

There is an option to buy an additional adjoining 268 +/- acres. The timeshare units consisting of five separate external buildings of which a majority share is available for purchase.

For the additional land including a large tract of commercial road frontage and majority stake in all the timeshares. Total package price for everything is $9M net to seller.
REASON FOR SALE
PRICE 6,000,000 USD
Link to hotel website http://

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