Abundance of Hotel Demand Drivers – The Wyndham Garden Hotel Williamsburg is surrounded by a plethora of popular hotel demand drivers, including the 422-acre amusement park Busch Gardens (4 mi.), Virginia’s largest water park, Water Country USA (0.1 mi.), William & Mary (5 mi.), one of the nation’s first and still highly regarded research universities, and the historic Jamestown Settlement (8 mi.) which draws roughly 600,000 visitors per year.

Value and Upside Opportunity – Williamsburg, VA submarket RevPAR average currently sits at $91.25 per key, per CoStar analytics, proving tremendous cash flow potential after partial renovation and stabilization is achieved. The property has fallen well below this submarket average as a result of the rigorous renovation efforts over the past two years.

Hotel Construction Pipeline – There are currently zero properties under construction in Williamsburg, VA, proving a stable hospitality ecosystem with no impending threats of new competition.

70% PIP Completion – The Upper Midscale has completed roughly 70% of its major renovation per Wyndham standards, leaving only a minority portion of the PIP to complete. Significant items of completion include: fully renovated lobby, bar, kitchen, dining room, mattresses, and full completion of 120 guest rooms.