America’s Best Value Inn was recently sold to B&V Hospitality, Inc. for $1.3 million, roughly a week after about 50 homeless people were asked to leave the property.
The motel, located on Bypass Road in York County, was purchased in 1991 for $3.7 million, according to a press release from Cushman & Wakefield/Thalheimer. The property is currently assessed at $1.6 million, according to county records. It was valued at $3.3 million in 2010.
United Way of Greater Williamsburg Executive Director Sharon Gibson Ellis confirmed that her agency has been working with other local agencies to help approximately 50 homeless people asked to leave the hotel last week. The guests were asked to leave because they had been on the property for more than 90 consecutive days, a violation of York County code, the Daily Press reported last week.
The UWGW has helped nine families find emergency shelter and other services, Gibson-Ellis said. Other local agencies including the social services departments of all three localities and the Salvation Army assisted the remaining individuals.
Currently, the Historic Triangle has no homeless shelters, though Avalon does offer housing for abused women and their children.
The new hotel owner, a company just formed in April according to the State Corporation Commission, plans to renovate the 131-unit hotel.