Click on any photo for a larger, more detailed view

Location: Central North Carolina
Number of Units: 57
Year Constructed: 2005
Corridors:  Interior
# of Stories: 3
Chain Affiliated ? : Yes
Cost to Transfer Franchise: $ 5,000
AAA Rated ? : Yes, 2 Diamonds

Asking Price: $ 3,100,000 now $ 2,950,000
Gross Rooms Revenue: $ 593,000
Gross F&B Revenue: N/A
Gross Other Revenue: 7,000
Annual Property Taxes: $ 29,500
Annual Insurance Costs: $ 12,600
Seller/Private Financing Available ?: No

Other Property Included: N/A

Other Information: This newly constructed, still nearly-new property is located in a fast-growing market in Central North Carolina, at the junction of several heavily-traveled US Highways, and is the most convenient accommodations to a local university, located just a few miles away.  It features 57 Units (including several suites for extended stay travelers), an exercise room and a meeting room connected to the lobby (pictured above) that can accommodate small groups.   It opened in October 2005, has been very well maintained and as a result is still fresh and new.   The best days for this property are still ahead.   While 2008 has been difficult for the hotel industry, the revenues at this property have increased!  This is an outstanding opportunity to immediately own and operate a new property, without going through the lengthy, cumbersome "development/construction" cycle.

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