Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 108-unit, Courtyard by Marriott Fayetteville, located in North Carolina. The subject property is ideally located on 3.05 acres of land and features 3 floors of well maintained guest rooms. Premium amenities at the hotel include outdoor seating area, on-site market, as well as a restaurant and full bar. Common area amenities available include a fitness center, outdoor season swimming pool, business center with fax & photocopy machine, shared in-door lounge and TV area, as well as free on-site parking. Each guest room is equipped with a spacious layout, seating area, free Wi-Fi, desk with chair, and private bathroom with hairdryer and complimentary toiletries. The Courtyard by Marriott is ideally located in Fayetteville off All American Freeway with close proximity to I-295 and all nearby demand generators. Fayetteville is known for winning the prestigious All-America City Award from the National Civic League three times. It is currently the sixth largest municipality in North Carolina and as well as the home of Fort Bragg Military Base, which employs over 15,000 residents. The extensive army base has received an $84.5MM+ defense budget to aid in the development of additional training facilities, equipment, education system for military personnel’s children, housing and much more in this upcoming year. In addition to Fort Bragg, Fayetteville has multiple entertainment and historic attractions including golf courses, museums, parks, and restaurants. There are four colleges located in Fayetteville, NC. This property is located in a stable, military market, which continues to grow. Fayetteville is the county seat of Cumberland County, a part of the Coastal Plain region of North Carolina. When Congress passed the Base Realignment and Closure (BRAC) Act, it resulted in several new commands relocating to Fort Bragg. These included the U.S. Army Forces Command and U.S. Army Reserve Command, both of which relocated from Fort McPherson in Atlanta. This brought more than 30,000 people to the area with associated businesses and families. FORSCOM awards over $300 billion in contracts annually. Fort Bragg and Pope Field (formerly Pope Air Force Base) are next to the city of Fayetteville. Several U.S. Army Airborne units are also stationed at Fort Bragg, most prominently the XVIII Airborne Corps HQ, the 82nd Airborne Division, and the United States Army Special Operations Command.