I-85 Econo Lodge Hotel for Sale 1 Hour from Raleigh North Carolina

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Asking Price:
$1,825,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Beautifully maintained, 51-room, 2-story, Econo Lodge w/ Owner's Suite for sale just 38 min from Durham, and 1 hour from Raleigh in the state of North Carolina.

The Econo Lodge is conveniently located off Interstate 85 (I-85) in Henderson, Vance county, one of the 11 counties in Raleigh-Durham-Chapel Hill ("The Triangle") metropolitan statistical area in the north-central portion of North Carolina. Henderson and Vance County are regional business and retail hubs for half a dozen counties in northern North Carolina and southern Virginia. Sitting at the intersection of US-1 and I-85, the Econo Lodge is less than an hour from the business and cultural attributes of Raleigh-Durham-Chapel Hill ("The Triangle") and a workforce of more than 1 million people within 45 miles.

Property Highlights:
- Upwards revenue trend, net operating income of over $200,000
- 51 rooms with owner's suite offers accommodation, lower maintenance and expenses for owner/operator
- Minimal PIP
- Year Built: 1996; the exterior and interior of the property is in stellar condition and creates a nice first impression on visitors
- New owner can generate additional income by opening swimming pool and offering hot breakfast to hotel guests
- Popular brand among economy/limited service hotels
- Located on I-85, with lesser competition among hotels than on I-95, targeting both local business and interstate travelers
- Strategic central location - an established regional hub halfway between Charlotte and Washington D.C.
- Location, lower costs of doing business, lake assets
- Friendly, hometown city with Southern charm and big-city benefits
- Poised for future development as the Raleigh-Durham-Chapel Hill ("The Triangle") area transforms dramatically with increased jobs and population

The hotel is conveniently located off Interstate 85 within an hour's drive from downtown Durham and downtown Raleigh, near Henderson's Central Business Historic District, Oxford and Kerr Lake State Recreation Area. Close proximity to the Raleigh-Durham International Airport, top tier universities like University of North Carolina at Chapel Hill, Duke University, North Carolina State University, and the Research Triangle Park ("RTP"), nation's most high-tech research and development park, home to more than 300 companies employing more than 65,000 workers makes this is an excellent opportunity for new and seasoned investors in the Triangle area looking for a passive income stream, or owner/operators looking for a small property with upside revenue potential to run themselves.

Serious and qualified buyers only. Please do not call or visit the property without an appointment. Interested parties are encouraged to make a written offer as this property has multiple offers and the owner is motivated to accept the highest and best offer at the earliest.

To schedule your property tour or for more information on this property or other hotels for sale, please send your detailed criteria and proof of funds to Madhur Gupta or visit www.rplusi.com.

Information in this listing has been provided by the seller and reliable third parties, but is not guaranteed and is subject to change without notice. Buyer must independently verify this information for accuracy or completeness.

About the Business

Location:
Henderson, North Carolina
Website:
www.rplusi.com
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Listing Info

ID:
1686721
Ad Detail Views:
444

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Business Listed by

Madhur Gupta

Madhur Gupta

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