Best Western

December 14, 2023

Location: North Carolina

Units: 58

NEW LISTING

Property Overview:

The Best Western, which underwent a substantial renovation, is ideally located on a major route in North Carolina.  The facility is a two-story structure consisting of 58 interior corridor guestrooms, as well as, an outdoor swimming pool, meeting space, a spacious lobby, fitness center and breakfast room, all of which is situated on +/- 3.26 acres of land with excellent roadside visibility.

Physical Features: 

  1. Interior corridor
  2. Two story
  3. Outdoor swimming pool
  4. +/- 3.26 acres of land
  5. Exercise facility
  6. Meeting room(s)
  7. Built in 1998

Investment Considerations:

  1. Strategically located to the property’s many demand generators to include leisure destinations, shopping, and commercial demand generators.
  2. Based on current condition of the property little to no PIP is expected upon a change of ownership 
  3. The area of the subject property is seeing a great deal of ongoing new development
  4. Excellent physical plant – the property underwent a substantial renovation / rebranding in CY 2019 to include a new roof, guestroom, commercial areas, etc.
  5. Absentee out of state ownership offers an excellent upside for a focused owner / operator
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