194-Room Clarion And Comfort Inn Fredericksburg Sold For $9M With Kabani Hotel Group As Brokers
2801 Plank Road, Bldg B
$9,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 15, 2026
AI
The 194-room dual-branded Clarion and Comfort Inn Fredericksburg Convention Center is located at 2801 Plank Road, BLDG B, in Fredericksburg, VA. The hotel was sold for $9 million, equating to $46,392 per key, while being closed and mid-renovation. The asset demonstrates significant potential due to its size and ongoing improvements.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9,000,000
- Keys: 194
- Price Per Key: $46,392
- Market: Fredericksburg, VA
- Sale Date: 07/15/2026
The transaction was facilitated by brokers Suraj Dalal, Elijah Laguna, and Ahmed Kabani from Kabani Hotel Group, who played a key role in attracting multiple bids for the asset despite its closed and undergoing renovation status.
Players
Plank Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93