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21123 Whitfield PlSterling, VA 20165
Dulles Suites Extended Stay Hotel (Conversion Opportunity)
Asset ClassHotel & Hospitality
Conversion Opportunity
overview of deal

Overview

Colliers, as an exclusive representative of the ownership, is pleased to present to qualified investors for their acquisition consideration the Dulles Suites Extended Stay Hotel, located at 21123 Whitfield Place, Sterling, VA, 20165. The asset is located at the intersection of Leesburg Pike (59,167 vehicles per day) and Cascades Parkway (24,976 vehicles per day) adjacent to the Northern Virginia Community College Loudon Campus and Dulles Town Center. The hotel boasts quick access to Dulles International Airport, an 8-mile drive via route 28 S.

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Investment Highlights

  • Fee-Simple Interest in the 94-Key, 3-Story, Interior-Corridor, Extended-Stay Hotel
  • Expansive 2.43-Acre Site Located at Dulles Town Center, 8 Miles from Dulles International Airport
  • Potential Franchise Conversion Opportunity to Many Available Brands Under the Choice, Best Western, Wyndham, or IHG Family
  • Potential Alternative Use Opportunity | All-Suite Hotel with Kitchens in Each Unit Would Allow for Feasible Multi-Family Conversion
  • Hotel is Unencumbered of Brand, Management, or Debt, Allowing an Investor to Reposition Immediately
  • 2023 CoStar Competitive Data for the Submarket Shows: Midscale RevPAR of $61 | Upper-Midscale RevPAR of $75 | Upscale RevPAR of $89
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21123 Whitfield PlSterling, VA 20165
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Listing provided by Revere CRE