JLL Hotels & Hospitality Group announced today that it arranged the sale of the Hampton Inn & Suites Fredericksburg South, a 121-key hotel in Fredericksburg, Virginia.
JLL represented the seller, Sachs Companies Realty Investments.
The Hampton Inn & Suites stands five-stories tall on a 2.35-acre parcel. Amenities include an indoor swimming pool and hot tub, fitness center, guest laundry, business center and 1,890 square feet of meeting space,
Located at 4800 Market St., the hotel is strategically located at the intersection of I-95 and U.S. 1, halfway between Richmond and Washington, D.C. A 10-mile extension of the I-95 Express Lane extension through Fredericksburg is expected to be complete in late 2023, providing improved access between the two cities. The hotel is surrounded by numerous restaurants and retail establishments.
The JLL Hotels & Hospitality team was led by Managing Director Ketan Patel, Vice President Phil White and Senior Associates Robert Westerfield and Greyson Fewin.