Hospitality Business for Sale in Salem, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Salem, VA 24153
  • Year built: 2009

Description

Marcus & Millichap is pleased to present the opportunity to acquire the Holiday Inn Express Salem, a select-service hotel ideally located along the Interstate 81 corridor in the Roanoke–Salem metropolitan area of Southwest Virginia. The property offers a modern select-service amenity package designed to meet the needs of both business and leisure travelers, including complimentary breakfast, a fitness center, and convenient access to nearby retail and dining amenities. Its strategic location provides immediate access to major regional demand drivers such as Roanoke College, the Salem Civic Center, Moyer Sports Complex, and Carilion Clinic’s healthcare network, which collectively generate consistent year-round visitation to the area. Positioned within a market supported by healthcare, education, manufacturing, and tourism, the hotel also benefits from strong transient demand driven by Interstate 81 traffic and proximity to the Blue Ridge Parkway and outdoor recreation destinations. With continued regional investment, growing tourism activity, and the strength of the InterContinental Hotels Group (IHG) brand platform, the Holiday Inn Express Salem represents a compelling opportunity for investors seeking a well-located hospitality asset with stable demand fundamentals and long-term growth potential. Investment Highlights: • Prime I-81 location with immediate access to one of the East Coast's most heavily trafficked corridors • Proximate to the Roanoke-Blacksburg Regional Airport (ROA) • Minutes from Carilion Roanoke Memorial Hospital, the region's largest healthcare provider and Level 1 Trauma Center • 10-minute drive to Moyer Sports Complex, a recently renovated ($27M) regional tournament destination hosting 250,000 visitors annually across 230 days of the year • Nearby recent industrial investment from STS Group and Mack Trucks, reinforcing the Roanoke–Salem region's role in advanced manufacturing and the automotive supply chain

Market Context

This hospitality in Salem, VA is listed for sale. The building dates to 2009. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Salem, VA — <a href="/search/sale/hospitality/virginia/salem">view the full market</a>.

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