Newmark Grubb Knight Frank Hotels is pleased to announce that it is offering the sale of the fee simple interest in the Holiday Inn Express Charles Town in Ranson, West Virginia.
Opened in December 2006, the three-story hotel features 145 rooms and suites along with 1,250 square feet of meeting space, a business center, pool and sauna, fitness center, high-speed wireless Internet access, guest laundry facility and dry-cleaning service. The property sits on 3.5 acres, and the adjacent 1.7-acre land parcel is available as well.
“This is a rare opportunity to invest in an unencumbered hotel with a first-rate brand affiliation in this area,” says Sam Winterbottom, senior managing director with Newmark Grubb Knight Frank Hotels. “It’s a favorite spot for visitors up and down the East Coast and in particular greater D.C., which along with the city’s growing population and businesses and facilities helps guarantee its success.”
The hotel sits along the Blue Ridge Valley in the historic and picturesque Shenandoah Valley that is visited by tens of thousands of tourists every year. It is conveniently located a half-mile from Charles Town Races and Slots, a local and regional attraction, especially on weekends. Other nearby attractions and demand generators include Summit Point Motorsports Park, Harper’s Ferry National Park, The Old Opera House, Joy Line Train Museum, river rafting, U.S. Border Patrol Regional Training Facility, U.S. Coast Guard Operations Systems Center, and the Internal Revenue Service Training and Computing Centers.
About Newmark Grubb Knight Frank Hotels
Newmark Grubb Knight Frank Hotels provides innovative transaction solutions and support for all types of hotel and leisure properties, including full-service, luxury, select-service, boutique and resort hotels, as well as golf courses and mixed-used assets. This highly focused specialized division provides a variety of services, including: Acquisitions and Dispositions (“Investment Sales”), Market Research, Equity and Debt Financing, Consulting and Advisory, and Appraisal Services.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. and together with its affiliates and London-based partner Knight Frank employsover 11,000 professionals operating from more than 300 offices globally, with over 680 million square feet under management. A major force in the real estate marketplace, Newmark Grubb Knight Frank is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estatemarkets. For further information, visit www.bgcpartners.com.