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Sunday, September 05, 2010
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Property Name: |
Country Inn & Suites |
| Units: |
73 |
| State: |
NC |
| List Price: |
7,100,000 |
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| Physical Features |
1. 32' inch (LG) LCD flat panel TV's
2. Guest laundry
3. Business center
4. Exercise facility
5. Outdoor patio
6. (2) meeting rooms with full audio and satellite connections
7. Indoor pool and spa |
| Investment Considerations |
1. Excellent opportunity to acquire a newly built franchised property
2. Separate commercial building houses the fitness center, indoor pool & spa, outdoor patio as well as the (2) meeting rooms
3. The property is strategically located at one of the most dynamic exits in North Carolina, and the area offers a great deal of ongoing new development around the hotel |
| Property Overview |
The Property is a 73 - unit limited service Country Inn & Suites. The facility, which
opened in November of 2008, is a four story structure consisting of 73 interior corridor
guestrooms. This property offers a spacious lobby, breakfast facility, business center, in addition the property offers (2) meeting rooms, an indoor pool & spa and fitness center all of which is contained in a connected separate one story building situated at the rear of the property. Situated on +/- 2.0 acres this property has excellent road and interstate visibility. |
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| Financials |
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Nov - Dec 2008 |
2009 |
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| Occupancy |
25.44% |
39.82% |
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| ADR |
$87.97 |
$85.52 |
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| Room Revenue |
$99,666 |
$909,708 |
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| * New construction opened November of 2008 |
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