Recently Opened DC Area TownePlace Suites
Woodbridge, Virginia
Building
Stats
- Property Type Hospitality - Select Service
- Year built 2020
- Price $14,000,000
Overview
Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the TownePlace Suites Potomac Mills Woodbridge (hereinafter “Property” or “Hotel”), a select-service hotel located in Woodbridge, Virginia. The Property is a four-story, interior corridor hotel that opened in 2020. The Hotel has a Bar-B-Q picnic area, breakfast buffet area, convenience store, fitness center, indoor swimming pool, and one event room with 1,255 SF of space. Additionally, the property has a second 4,500 SF space on the lower level that could be converted to retail or additional banquette space. Banquette space is in short supply and should produce higher revenue for the property.
Highlights
91 Non-smoking guestrooms, four-story, interior corridor, large outdoor breakfast and function space
Top performing Marriott TownePlace brand well positioned for recovery
Extended Stay brands are the leading segment of the industry
Located directly across the street from the growing Potomac Mills Mall with high barriers to entry
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