Sleep Inn & Suites Near Fort Lee

Colliers, as an exclusive representative of the seller, is pleased to present to qualified investors the Sleep Inn & Suites near Fort Lee, located at 2200 Waterside Rd Prince George, VA 23875. The subject property is a 60-room, three-story, interior-corridor, limited-service asset. Built in 2008, it sits on 1.42 acres with direct exposure to State Route 144 (34,000 Vehicles Per Day) and convenient access to I-95 (100,000 Vehicles Per Day). The asset is offered with fee simple interest, unencumbered by debt, and unencumbered by third-party management.

Hopewell benefits from a diverse set of stable demand generators led by Fort Lee, which produces an estimated $2.25 billion in annual regional economic activity and supports more than 23,000 jobs, driving consistent lodging needs from military trainees, families, and contractors. The local market is also heavily anchored by a robust manufacturing and industrial base, which, alongside regional logistics and distribution employers and Southside Regional Medical Center, contributes heavily to year-round corporate room night demand. Virginia State University, enrolling over 5,000 students, and the nearby community college campuses serving thousands of students further support regional visitation. The city itself has a population of approximately 23,000, and its strategic location near the junctions of I-295 and I-95, less than 30 minutes south of downtown Richmond, positions the property to capture both interstate transient traffic and corporate spillover demand from the larger metro.

In addition to these stable regional anchors, two transformational projects are continuing to strengthen the Tri-Cities economic base and hospitality demand. The $1.4 billion Live! Casino & Hotel Virginia in nearby Petersburg opened to the public in January 2026. Construction is actively advancing on the permanent resort, which is scheduled to debut in 2027. Once complete, the full project is expected to generate approximately 7,500 construction jobs, 1,400 permanent positions, and more than $200 million in annual economic activity, drawing regional visitors for gaming, entertainment, and convention events. Complementing this, Google’s $9 billion investment includes a new data center campus in nearby Chesterfield County, bringing thousands of construction jobs over the next 18–24 months and permanent high-tech positions thereafter. Together, these large-scale developments represent a significant long-term demand catalyst for lodging in the Hopewell market, adding to the already diverse base of military, manufacturing, education, and logistics activity.

Ultimately, the Sleep Inn & Suites Prince George presents an exceptional value-add opportunity to acquire a well-located, interior-corridor asset. With the Tri-Cities market benefiting from expanding corporate demand drivers, the new Live! Casino, and the steady anchor of Fort Lee, the regional lodging landscape remains highly resilient. By implementing dedicated, hands-on revenue and expense management, a new investor is perfectly positioned to recapture market share, maximize rate penetration against its competitive set, and realize substantial yield growth in a dynamic Virginia market.

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