Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 93-unit, Quality Inn & Suites Coliseum Greensboro, located in Greensboro, North Carolina. The subject property is ideally located on 2.56 acres and offers a variety of amenities for guests including free on-site parking. Common area amenities include complimentary breakfast, business center with fax & photocopy machine, vending machines, shared lounge & TV area, and a 24-hour front desk. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, in-room coffee & tea maker, microwave, refrigerator, iron & ironing board, private bathroom, and hairdryer. The Quality Inn is located along a highly trafficked I-40 with close proximity to all demand generators. The hotel is surrounded by multiple retail stores, restaurants and business parks. Downtown Greensboro is located about 5 miles from the subject property and is known for incredible shopping, nightlife, culture, and fine dining. Greensboro Coliseum, 2 miles away, is a large-scale complex with a capacity of more than 23,500 individuals. The coliseum hosts entertainment events including concerts, sporting events, and more throughout the year drawing in many visitors to the area. Less than a mile away, the Four-Season Town Centre offers a variety of department and retail stores. University of North Carolina Greensboro, 2.5 miles away, is a member of the University of North Carolina system with a total enrollment of more than 20,000 students. The hotel is proximate to other colleges in the area included North Carolina Agricultural and Technical State College, Bennett College, Greensboro College, and Guilford College. The hotel is also very convenient to many local businesses, such as Qorvo, Columbia Forest Products, Federal Express, Honda Aircraft, and Volvo Trucks. Boom Supersonic is developing a multi-million-dollar jet factory and development facility adjacent to the Piedmont Triad International Airport which would create an abundance of new manufacturing jobs in the area. The airport itself, located 12 miles away, provided service to more than 1.5 million passengers in 2022 and offers flights from top airlines including Delta, American, and United Airlines.