SOLD: Lender Ordered Hotel Auction: Minimum Acceptable Bid Only $785,000 ($3,178 per key)
Real Estate Auction: Former Lexington, George Washington Inn & Conference Center

500 Merrimac Trail, Williamsburg, VA 23185


Auction Date: Tuesday, June 19th, at 1pm. Auction will be conducted at the hotel.


Lender Ordered Hotel Auction with Minimum Acceptable Bid Only $785,000 ($3,178 per key)
The highest bid at or above this amount will definitely be accepted by the seller


Property Address: 500 Merrimac Trail, Williamsburg, VA 23185


Property Highlights:

  • 247 Room, full service hotel

  • Fully Furnished and Equipped

  • 20,000+/- sf of meeting space, business center

  • Kitchen, restaurant, lounge, pub, lobby barista

  • Indoor pool and whirlpool

  • Fitness center with steam rooms and saunas

  • Over $4 million in renovations completed since 2007

  • Renovations include new roof

  • Hotel is unencumbered by franchise and management agreements

  • Excellent conversion opportunity

  • PIPs for several flags available for review

  • Convenient to all modes of traffic and local businesses

  • Convenient to colonial Williamsburg, Yorktown, Jamestown, College of William & Mary, Anheuser-Busch, Inc. / InBev, Northrop Grumman,
    Busch Gardens, Water Country USA, and other area attractions and employers.

Property Flyer & Investment Memorandum:


Auction Questions: Contact Interstate Auction Company: 404-303-1232 ext 30 or


Property Inspection: By appointment. Contact David Butchello: 757-254-1746

Final Inspection/Open House: The property will be open for final inspection on Tuesday, June 19th from 9am to 12pm.


Directions to Hotel: From I-64, take exit 238 for VA-143 Merrimac Trail 1.1 miles towards Williamsburg. Bear left to stay on Merrimac Trail and proceed 1 mile to 500 Merrimac Trail on the right.

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Call for disclosure information & bidding instructions.




Auction Purchase and Sale Agreement
Bidder's Affidavit

Broker Registration Form
Broker Acknowledgement Addendum
How To Bid At The Auction

Property Document Vault

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All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.


  • Auction Purchase & Sale Agreement (Contract): The high bidder will sign the Auction Purchase & Sale Agreement identifying the parties, sale price, closing date and other terms of the sale. This document is available for review on the website

  • Buyer’s Premium: An 8% buyers premium will be added to the high bid to determine the purchase price. For example, if the high bid is $2,000,000, an 8% buyer’s premium equal to $160,000 will be added to the high bid and the purchase price will be $2,160,000. The purchaser will make the required $100,000 initial down payment. The buyer will increase the down payment to 10% of the purchase price within 48 hours. In this example, the purchaser will wire an additional $116,000 to the escrow agent. The balance of the purchase price $1,944,000 will be due at closing by July 19th. If the purchase price is less than $1,000,000, the high bidder will not be required to increase the down payment beyond the initial down payment of $100,000.

  • Initial Down Payment: $100,000 cashier’s check payable to the Bidder/Purchaser. Check will be endorsed payable to the escrow agent.

  • Closing: Closing shall be completed by 4pm on Thursday, July 19, 2012.

  • Conveyance of Title: Good and Marketable Title will be conveyed by Limited Warranty Deed

Please review any additional terms and conditions in the Bidder’s Affidavit, Auction Purchase & Sale Contract and Addendum, and other documents shown on this page.


Please check back frequently for changes.

Any and all information contained on the site is subject to changes and corrections, and that it is the prospective purchaser's responsibility to verify that he/she has the most current information.

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