COURTYARD MARRIOTT

INVESTMENT HIGHLIGHTS

• INVESTMENT APPEAL: The $85,700/key price (guidance: $12.5M) and SBA 504 loan eligibility with 20% down make it accessible for owner/ users. The recent PIP minimizes near-term CapEx.
• PROMINENT BRAND & LICENSE TERM: Courtyard is a prominent brand in turn-key condition for a new owner with an existing License Term through 2035, priced at $85,600 per key.
• OPERATIONAL UPSIDE: Opportunity to increase occupancy (52.2%) and ADR ($128) through hands-on management, leveraging the Marriott brand and unencumbered ownership.
• MARKET DIVERSITY: With $6.5B in annual tourism revenue and 80,000+ active-duty personnel, Hampton Roads benefits from stable demand across leisure, military, and group segments. A workforce of 730K+ and robust educational institutions, including TCC with 10K+ students, support year-round economic activity and hospitality demand.
• Coliseum Central District: The Courtyard Hampton Coliseum is ideally located in the heart of the Coliseum Central Business Improvement District, Hampton’s hub for business, leisure, and entertainment.
• Hampton Coliseum and Hampton Roads Convention Center: These venues are the primary demand drivers, hosting events like the Hampton Jazz Festival, Monster Jam, and the 2023 USA Artistic Swimming Junior Olympic Championship at the adjacent Hampton Virginia Aquaplex. They ensure consistent event-driven demand.
• Leisure and Tourism: Hampton’s role in Hampton Roads, with attractions like Busch Gardens Williamsburg (30 miles away) and the Virginia Beach oceanfront (25 miles away), supports leisure demand during peak seasons.