CB Richard Ellis is pleased to present for sale the 120-room Hampton Inn Norfolk/Virginia Beach. This 4-story, limited service hotel is located at the southwest quadrant of the intersection of I-264 and Newtown Road in Virginia Beach and is well located to service many major room night generators.

This property is being offered free of management but encumbered by debt and brand.

After a $1.33 million renovation competed in late 2006, the property’s operating performance has increased dramatically; pre-renovation, the property ran an 112% RevPAR index to its competitive set, and post renovation in 2007 the hotel achieved a 121% RevPAR index. In addition, the property’s guest satisfaction scores have skyrocketed, and the property ranked 179th out of 1,400 Hampton Inns in the country as of October 2007.