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2801 Plank Road, Bldg B

194-Room Clarion And Comfort Inn Fredericksburg Sold For $9M With Kabani Hotel Group As Brokers
SOLDHotel

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

Ahmed Kabani

Kabani Hotel Group

Broker

$355.8M

vol

32 deals

Broker

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