Boutique 22-Room Motel / Outdoors Lodge

[Chase Hoover]

Investment Info:

Other commercial investment investment.

22-room motel on Afton Mountain, Virginia converted to an Airbnb-style outdoors lodge with a retail shop, indoor and outdoor event spaces, and an on-site hiking trail. Prime location at the convergence of the Appalachian Trail, Blue Ridge Parkway, Shenandoah National Park, Skyline Drive, Rt. 64, and Rt. 250, right across the street from the Blue Ridge Tunnel trail

What made you interested in investing in this type of deal?

This run-down motel was known for shady activity and was in serious need of repair. However, it was located in a superb location surrounded by hiking, breweries, wineries, and convenient to major highways.

How did you finance this deal?

1031 from another property, construction loan converting to a commercial loan on the remainder.

How did you add value to the deal?

Full gut remodel interior and exterior. New brand, website, offerings and marketing strategy.

What was the outcome?

Launching late summer / early fall 2022