Best Western Plus

Location: North Carolina

Units: 65

Property Overview:

This 65-unit Best Western Plus, just underwent a major renovation, is ideally located on a major US Route in North Carolina.  The facility is a three-story structure consisting of a variety of guestroom types to include “suite” rooms, as well as, an outdoor swimming pool, meeting space, a spacious lobby, and breakfast room, all of which is situated on +/- 3.89 acres of land with excellent roadside visibility and close to numerous demand generators to include golf courses, shopping / dinning, and the Crystal Coast Beaches.

Physical Features:

  1. Interior Corridor
  2. Three Stories
  3. Outdoor Swimming Pool
  4. +/- 3.89 acres of land (fee simple)
  5. Exercise facility
  6. Meeting room
  7. Spacious lobby and breakfast room

Investment Considerations:

  1. Significant upside potential based on the current Star Report especially with the implementation of the new renovations the property should be a leader in its competitive set going forward.
  2. Located within close proximity to several leisure, commercial, and corporate demand generators
  3. Excellent physical plant – The property has recently undergone a substantial renovation in CY 2021 & YTD 2022 to include guestroom and public space renovations
  4. Excellent roadside visibility and within a (6) minute drive to the oceanfront
  5. Based on the recent renovations the property should convey with a limited / no “PIP”

Historical Revenues:

Financial information is available upon request after completion of the required Confidentiality Agreement