Henrico hotel headed for foreclosure auction

A seedy hotel just outside the city on Chamberlayne Avenue will be auctioned on the courthouse steps.

The Days Inn at 5701 Chamberlayne Ave. has 171 rooms, is located on six acres right off Interstate 95 and has a large outdoor swimming pool. It is also in terrible condition, with many of its windows boarded up.

The property is scheduled for a foreclosure sale at the Henrico Circuit Courthouse on Oct. 14 for defaulting on a deed of trust dated August 2000. The maximum principal secured by the deed of trust is $2,400,000. A Loopnet ad lists an asking price of $3.15 million. It states that 2007 revenue was $1.2 million.

Room rates were advertised at $42.95, with a weekly rate starting at $210.

For a good idea of why the hotel is in trouble, just read these reviews.

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dl billett
dl billett
10 years ago

Based on the reports I read, how is this place in business to begin with? Does not the city or county conduct any inspections or reviews of motels and require some form of compliance? They can and will enforce maintenance requirements on houses, commercial buildings etc., why not this hotel?

Tyler Miller
Tyler Miller
10 years ago

Can someone help me find out where I can get the numbers for 2009.

Casey Quinlan
Casey Quinlan
10 years ago

This property has been an eyesore for years. Henrico County leaders lost an opportunity – several, in fact – to put this property to better use when the board refused to allow a non-profit to buy and renovate/re-purpose Hotel Hell as micro-efficiencies for formerly homeless adults. I’m on that non-profit’s Board, so I know that within the last 10 years Henrico blew it more than once by basically saying “NIMBY.” The organization I’m involved with has a stellar record for both property redevelopment and for being outstanding neighbors – including renovating an old hot-sheet motel on Hull St. in Richmond.… Read more »

Hugh
Hugh
10 years ago

I don’t see how they could have done $1.2m in 2007. At $42 per night that’s 80 rooms rented every day. I never saw anyone there, so that seems a little suspicious.
Henrico Real Estate