PROPERTY FOR SALE:  NORTH CAROLINA

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Location: Northeast NC, I-85
Number of Units: 69
Year Constructed: 1997
Corridors:  Interior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: $ 50,000
AAA Rated ? : Yes

Asking Price: $ 4,400,000 now $ 3,800,000
Gross Rooms Revenue: $ 984,828
Gross F&B Revenue: N/A
Gross Other Revenue: $ 5,000
Annual Property Taxes: $ 40,000
Annual Insurance Costs: $ 23,000
Seller/Private Financing Available ?: Yes

Other Property Included: N/A

Other Information: This super-clean, prominently franchised property is located on a busy
interstate in North Carolina. It has been well taken care of, it includes an easily-manageable
69 guest rooms including a meeting room. Recent renovation projects include new lobby tile work and
furniture, new breakfast bar (serving hot breakfast), exteriors recently painted, doors & furniture
refinished, new wallpaper and new carpeting on the second floor units.

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