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3950 Fair Ridge DrFairfax, VA 22033
Hilton Garden Inn | Fairfax, VA
Asset ClassHotel & Hospitality
# Stories4
Year Renovated: 2024# Keys: 149Land: 4.05 AcresAccess Data Room
Well-Situated in an Affluent Suburb of Fairfax County
overview of deal

Overview

Colliers, as an exclusive representative of ownership, is pleased to present to qualified investors for their acquisition consideration the Hilton Garden Inn Fairfax, located at 3950 Fair Ridge Dr, Fairfax, VA 22033. The hotel features 149 well-appointed guest rooms and is conveniently located at the intersection of U.S. 50 / Lee Jackson Memorial Highway (72,364 vehicles per day) and Ox Road (32,193 vehicles per day). The asset was constructed originally in 2002 is situated on an expansive 4.05-acre site. The property recently underwent a $5.2-million-dollar renovation and is expected to trade with minimal change-in-ownership PIP to retain a long-term license with Hilton.  The hotel is unencumbered of third-party management and is offered to investors with fee-simple interest. The hotel offers a variety of amenities including a full-service restaurant and bar, a fitness center, 5,065-square-feet of meeting space, 2,200-square-feet of pre-function space, and a 1,670-square-foot patio, contributing to total gathering spaces of 8,955-square-feet.

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Investment Highlights

  • Recently Renovated Product with Minimal Outstanding PIP | Underwent a $5.2-million-dollar Renovation in 2020-2024
  • Opportunity to Retain a Long-Term License with Hilton for the Hilton Garden Inn Flag
  • Significant Revenue and NOI Growth Potential Via Replacing Out-Of-State Operator
  • Significant Upside Potential to Additional Income Streams Such as Food and Beverage
  • Significant Upside Potential to Rooms Revenue as Evidenced By STR | 92% RevPAR Index
3950 Fair Ridge DrFairfax, VA 22033

Sales Team

Prashant MerchantExecutive Vice President(757) 589-6954prashant.merchant@colliers.com
John AvanzinoSenior Vice President(212) 716-3525john.avanzino@colliers.com
John AvanzinoSenior Vice President

License #: 10401319489

(212) 716-3525john.avanzino@colliers.com
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Listing provided by Revere CRE