ValueXpress is working with the Marine Corps Heritage Foundation in its efforts to develop a new hotel at the National Museum of the Marine Corps in Quantico, VA. The National Museum of the Marine Corps, a 100,000-square-foot facility located along Route 1 and Interstate 95 in Quantico/Triangle, is a standing tribute to the service men and women of the U.S. Marine Corps. Completed in 2006, the museum has become the number-one tourist attraction in Virginia, exceeding a reported 500,000 visitors annually.
The museum site contains a 10-acre parcel of land directly opposite and facing the museum in a wooded setting that has been earmarked for a hotel and conference center. ValueXpress is engaged with the Marine Corps Heritage Foundation in evaluating potential franchise affiliations and room count, in addition to the optimum size for meeting space to be contained within the conference center. It is expected that the hotel will be an upper upscale (i.e., Embassy Suites) or upscale franchise (i.e., Hilton Garden Inn). The museum and hotel site are immediately accessible to I-95, which is expected to help drive room demand from a variety of sources beyond the military.
ValueXpress is involved in the effort as a result of its experience financing more than 100 U.S. hotels, including nearly every franchise affiliation. This experience has allowed ValueXpress to become intimately familiar with the most successful brands in the United States, and ValueXpress will bring that experience to the Marine Corps Heritage Foundation team.
“I am excited and honored to be a part of the team charged with securing hotel development for this extraordinary site,” said Michael D. Sneden, Executive Vice President of ValueXpress. “Working beside two U.S. Marine Corps Generals on this project has been awe-inspiring and I hope my knowledge of the hospitality industry can lead to a highly success hotel and conference center project for this great organization.”