Overview
Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 100-room Clarion Hotel & Suites – Convention Center and 94-room Comfort Inn & Convention Center located at 2801 Plank Road, Fredericksburg, VA. Positioned just off the I-95 Richmond–Washington, D.C. corridor, the two hotels are situated on a single 7.83-acre parcel in the heart of Fredericksburg.
Originally built in 1966, the two-hotel campus offers a rare opportunity to acquire a dual-branded, full-service convention property. The asset features a comprehensive amenity package including a restaurant and bar, banquet facilities, outdoor pool, business center, and 13,499 square feet of flexible meeting and event space across multiple rooms, capable of accommodating up to 741 guests. Select guestrooms feature balconies and patios, enhancing guest appeal.
The Comfort Inn has been fully renovated and is positioned to reopen with minimal additional work, while the Clarion requires limited remaining scope to bring the entire campus back on line. This offering is well-suited for an owner-operator or investor seeking scale, event-driven demand, and upside through reactivation and operational optimization.
Investment Highlights
PROPERTY HIGHLIGHTS
• Dual-Branded Convention Asset | Opportunity to acquire a 100-room Clarion Hotel & Suites and 94-room Comfort Inn situated on a single 7.83-acre parcel.
• Turnkey Restart Opportunity | Property is vacant but prepared for next owner to pickup up and start operations with minimal work.
• Recently Renovated Assets | The Comfort Inn is fully renovated with all new FF&E, electrical systems, and code compliance. The Clarion Hotel is substantially renovated, with limited remaining scope required to begin operations.
• Meeting & Event Space | Property offers 13,499 square feet of event space across multiple rooms, accommodating up to 741 guests.
• DC–Richmond Corridor Location | Positioned between Washington, D.C. and Richmond with direct access from I-95 and Plank Road.
• Full Service Amenities | Banquet Facilities, Full Service Restaurant, Bar, Business Center, Outdoor Pool.
• Guestrooms | Select room types feature private balconies & patios.
• Projected Stabilized Revenue | At a stabilized RevPAR of ~$59, the property is projected to generate ~$4MM+ in annual room revenue, prior to ancillary income from events, F&B, and meeting space.
LOCATION HIGHLIGHTS
• 0.1 Miles – Plank Road (88,000 AADT)
• 0.5 Miles – I-95 (165,000 AADT)
• 0.6 Miles – Central Park Fredericksburg
• 1.6 Miles – Fredericksburg Convention Center
• 1.8 Miles – Virginia Credit Union Stadium
• 2.5 Miles – Mary Washington Hospital
• 2.7 Miles – University of Mary Washington
• 5.6 Miles – Fredericksburg VA Health Care Center
• 19.4 Miles – Marine Corps Base Quantico
• 52.1 Miles – Ronald Reagan Washington Airport
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Sales Team
