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Hotel-Motel

Village Inn Hotel and Event Center | Trademark Collection by Wyndham

6205 Ramada Dr, Clemmons, NC 27012

Listing Price: $9,500,000

Cap Rate
8.36%
Number of Rooms
118
RevPAR
$32
Gross SF
121,134
Price/Room
$80,508
RRM
3.79
Price/Gross SF
$78.43
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 144-unit, Trademark Collection by Wyndham Village Inn Events Center, located in Clemmons, North Carolina. The subject property is ideally located on 6.79 acres, directly adjacent to I-40 making it extremely visible and accessible to travelers. Common area amenities include complimentary breakfast, flat-screen TV, fitness center, free on-site parking, on-site restaurant, and seasonal outdoor swimming pool. The subject property boasts an extensive event center with meeting and banquet rooms ready to host a variety of special events, conferences and much more. Each guest room is equipped with free wi-fi, flat-screen TV, minifridge, microwave, in-room coffee & tea maker, private bathroom, and desk with chair. Select rooms offer a kitchenette. The Village Inn is located 9 miles outside of downtown Winston Salem, with proximity to all demand generators. The subject property conveniently located close to several neighboring cities such as Greensboro and Charlotte, the hotel is near plenty of attractions including many colleges, Hanes Mall, and the Bowman Gray Stadium. Winston-Salem is the county seat of Forsyth County, North Carolina. With a 2020 estimated population of 247,945 it is the second largest municipality in the Piedmont Triad region, the ?fth most populous city in North Carolina, the third largest urban area in North Carolina, and the eighty-ninth most populous city in the United States. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company (makers of Texas Pete), Wells Fargo, Bank and Lowes Foods have established headquarters in Winston-Salem. Winston-Salem has seen a surge in growth and revitalization in the downtown area with hotels, restaurants, and apartments under construction.

Investment Highlights

  • Fee simple interest in the 144-unit, Village Inn Hotel and Events Center | Trademark Collection by Wyndham, located in Clemmons, North Carolina
  • Situated directly off Interstate-40 | High Visibility & Accessibility | Proximity to Winston-Salem and Piedmont Triad area
  • Large on-site event space equipped to host meetings, conferences, social events, & more
  • The hotel is located within 1 mile of many restaurants and retail stores
  • Wake Forest University is located 9 miles from the hotel, with an enrollment of over 5,000 students
  • Hanes Mall, a large-scale shopping mall with over 200 store fronts, is located 5 miles from the hotel

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Village Inn Hotel and Event Center | Trademark Collection by Wyndham

Listing Price: $9,500,000

Cap Rate
8.36%
Number of Rooms
118
RevPAR
$32
Gross SF
121,134
Price/Room
$80,508
RRM
3.79
Price/Gross SF
$78.43
Year Built
1973

Investment Highlights

  • Fee simple interest in the 144-unit, Village Inn Hotel and Events Center | Trademark Collection by Wyndham, located in Clemmons, North Carolina
  • Situated directly off Interstate-40 | High Visibility & Accessibility | Proximity to Winston-Salem and Piedmont Triad area
  • Large on-site event space equipped to host meetings, conferences, social events, & more
  • The hotel is located within 1 mile of many restaurants and retail stores
  • Wake Forest University is located 9 miles from the hotel, with an enrollment of over 5,000 students
  • Hanes Mall, a large-scale shopping mall with over 200 store fronts, is located 5 miles from the hotel

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 144-unit, Trademark Collection by Wyndham Village Inn Events Center, located in Clemmons, North Carolina. The subject property is ideally located on 6.79 acres, directly adjacent to I-40 making it extremely visible and accessible to travelers. Common area amenities include complimentary breakfast, flat-screen TV, fitness center, free on-site parking, on-site restaurant, and seasonal outdoor swimming pool. The subject property boasts an extensive event center with meeting and banquet rooms ready to host a variety of special events, conferences and much more. Each guest room is equipped with free wi-fi, flat-screen TV, minifridge, microwave, in-room coffee & tea maker, private bathroom, and desk with chair. Select rooms offer a kitchenette. The Village Inn is located 9 miles outside of downtown Winston Salem, with proximity to all demand generators. The subject property conveniently located close to several neighboring cities such as Greensboro and Charlotte, the hotel is near plenty of attractions including many colleges, Hanes Mall, and the Bowman Gray Stadium. Winston-Salem is the county seat of Forsyth County, North Carolina. With a 2020 estimated population of 247,945 it is the second largest municipality in the Piedmont Triad region, the ?fth most populous city in North Carolina, the third largest urban area in North Carolina, and the eighty-ninth most populous city in the United States. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company (makers of Texas Pete), Wells Fargo, Bank and Lowes Foods have established headquarters in Winston-Salem. Winston-Salem has seen a surge in growth and revitalization in the downtown area with hotels, restaurants, and apartments under construction.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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