Page 80 - UB Church and Shen Univ
P. 80
Volume 6 Relation of U.B/EUB Virginia Conferences to Shenandoah University Dec. 26, 2013
each year at the library site, with international flags and banners providing a festive backdrop for the
event as parents and friends participated in the events.
Additional Housing. While the library was being built, the administration and trustees acquired
all the small parcels of land in front of the campus that had housed service stations, a C&P; phone
switching center, and a baseball field. These purchases cost several million dollars and opened the front
of the campus to visitors entering the City from the I-81/Route 50 interchange. The land acquisitions
and improvements on them gave the City of Winchester a new, attractive, but very busy entrance. These
purchases were enhanced later with the acquisition of Bugetel Inn, lease of the Quality Inn, purchase of
the Rescue Squad building, purchase of the Holiday Inn, and the Armory acquisition. All of these
facilities adjoined the campus and enhanced housing options, thereby expanding the campus for future
student growth. The University acquired 3 acres of land from the City for the performing-arts facilities
along Millwood Avenue that was very important to the future ability of the leaders to expand the
mission of the University and to complete a new entrance to the University and the City from
Interstate 81.
The purchase of the Budgetel Inn was especially helpful in that it occurred the same year that
football was added to the athletic program. The football program brought to the campus more than
120 new residential students, including female students that desired to be cheerleaders and were friends
of the members of the football team. The Budgetel Corporation surprised the University trustees and
leaders with a one-time offer, non-negotiable price of approximately $4 million for the land and
building. Within weeks the deal was completed, furniture changed to student housing styles, and
200 students moved into the building for the Fall term.
Within a year the owner of the Quality Inn worked through George Glaize, local real estate
leader, to extend to the Trustees a long-term lease for the entire Quality Inn facility on the front of the
campus. With minimal negotiation, a long-term lease was agreed upon to make the 120-room motel
available to the University for student housing. The Board of Trustees named the facility the Edwards
Residential Village in honor of long-time trustee, H. Robert Edwards, and more than 200 students
moved into the facility for the next term. Within just a few years, the University had gained 220 rooms
for residential students with private baths and close proximity to the campus that allowed all rooms to be
connected to the Internet technology on the campus.
The purchase of the Holiday Inn on Route 50 at the east side of the campus was made possible
through discussions that occurred as the University purchased 4 acres of land from the motel owner.
The inn was adjacent to campus land that housed the new football complex and a potential site for a new
future indoor athletic facility. The owner of the motel and the Holiday Inn Corporation desired to build
a new facility to replace the existing hotel that had more than 140 rooms. The University offered to sell
the owner 10 acres of land nearby on Route 522 (the former Grove property acquired years earlier for
investment purposes); and in order to acquire the existing motel property, the University offered to
assume approximately $4-plus million of debt on the older facility. This purchase allowed the former
owner to construct a new Holiday Inn building nearby.
With Holiday Inn acquisition, the University needed to continue to use a portion of the motel for
commercial purposes in order to pay off the debt on the property and meet the requirement of
maintaining the original loan on the facility that had an early large prepayment penalty. The University
Board of Trustees created a separate Delaware for-profit corporation, hired a local operator for a newly-
acquired Quality Inn franchise, and utilized part of the motel for overflow student housing. The Board
Davis on History of S.C., 1982-2008 70
each year at the library site, with international flags and banners providing a festive backdrop for the
event as parents and friends participated in the events.
Additional Housing. While the library was being built, the administration and trustees acquired
all the small parcels of land in front of the campus that had housed service stations, a C&P; phone
switching center, and a baseball field. These purchases cost several million dollars and opened the front
of the campus to visitors entering the City from the I-81/Route 50 interchange. The land acquisitions
and improvements on them gave the City of Winchester a new, attractive, but very busy entrance. These
purchases were enhanced later with the acquisition of Bugetel Inn, lease of the Quality Inn, purchase of
the Rescue Squad building, purchase of the Holiday Inn, and the Armory acquisition. All of these
facilities adjoined the campus and enhanced housing options, thereby expanding the campus for future
student growth. The University acquired 3 acres of land from the City for the performing-arts facilities
along Millwood Avenue that was very important to the future ability of the leaders to expand the
mission of the University and to complete a new entrance to the University and the City from
Interstate 81.
The purchase of the Budgetel Inn was especially helpful in that it occurred the same year that
football was added to the athletic program. The football program brought to the campus more than
120 new residential students, including female students that desired to be cheerleaders and were friends
of the members of the football team. The Budgetel Corporation surprised the University trustees and
leaders with a one-time offer, non-negotiable price of approximately $4 million for the land and
building. Within weeks the deal was completed, furniture changed to student housing styles, and
200 students moved into the building for the Fall term.
Within a year the owner of the Quality Inn worked through George Glaize, local real estate
leader, to extend to the Trustees a long-term lease for the entire Quality Inn facility on the front of the
campus. With minimal negotiation, a long-term lease was agreed upon to make the 120-room motel
available to the University for student housing. The Board of Trustees named the facility the Edwards
Residential Village in honor of long-time trustee, H. Robert Edwards, and more than 200 students
moved into the facility for the next term. Within just a few years, the University had gained 220 rooms
for residential students with private baths and close proximity to the campus that allowed all rooms to be
connected to the Internet technology on the campus.
The purchase of the Holiday Inn on Route 50 at the east side of the campus was made possible
through discussions that occurred as the University purchased 4 acres of land from the motel owner.
The inn was adjacent to campus land that housed the new football complex and a potential site for a new
future indoor athletic facility. The owner of the motel and the Holiday Inn Corporation desired to build
a new facility to replace the existing hotel that had more than 140 rooms. The University offered to sell
the owner 10 acres of land nearby on Route 522 (the former Grove property acquired years earlier for
investment purposes); and in order to acquire the existing motel property, the University offered to
assume approximately $4-plus million of debt on the older facility. This purchase allowed the former
owner to construct a new Holiday Inn building nearby.
With Holiday Inn acquisition, the University needed to continue to use a portion of the motel for
commercial purposes in order to pay off the debt on the property and meet the requirement of
maintaining the original loan on the facility that had an early large prepayment penalty. The University
Board of Trustees created a separate Delaware for-profit corporation, hired a local operator for a newly-
acquired Quality Inn franchise, and utilized part of the motel for overflow student housing. The Board
Davis on History of S.C., 1982-2008 70
