PROPERTY FOR SALE:  NORTH CAROLINA

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Location: Eastern NC, I-95
Number of Units: 143 * - see notes below
Year Constructed: 1974 and 1990
Corridors:  Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Per Franchisor
AAA Rated ? : Previously

Asking Price: $ 1,700,000
Gross Rooms Revenue: $ 441,000
Gross F&B Revenue: N/A
Gross Other Revenue: N/A
Annual Property Taxes: $ 16,000
Annual Insurance Costs: $ 13,000
Seller/Private Financing Available ?: Yes, up to $200K

Other Property Included: Extra Land, 6.6 Acres Total

Other Information: This solidly built hotel, situated in 3 buildings on a total of 6.6
Acres, offers easy access and excellent visibility from I-95. Consider it a "revenue producing"
hotel site, priced at $257K per acre, the buyer will get over 6 acres of prime, developable land
(with a hotel on it!), while being able to "be in business immediately" via keeping all or part of
the existing, revenue-producing hotel and developing a newer hotel property on the extra land.

* - The property has 143 total guest rooms, but only 105 are presently in operation.

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