Hotel-Motel
Fairfield Inn & Suites Elizabeth City
1640 City Center Blvd, Elizabeth City, NC 27909
Listing Price: $18,700,000
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Fairfield Inn & Suites located in Elizabeth City, North Carolina. The hotel is a four-story property built in 2007. Fairfield Inn & Suites Elizabeth City provides the opportunity for a new owner to acquire a high-performing limited-service hotel within a stable market with barriers to entry and potential to realize significant returns through hands-on management and continued utilization of the Marriott name, reservation system, and loyal base of guests.
Fairfield Inn & Suites Elizabeth City
Investment Highlights
- +/- 10% CAP at List Price
- $125+ Trailing RevPAR
- Extensively Renovated Hotel, Including Costly Items Above the PIP Scope
- Historically Strong Net Operating Income
- Low Location-Based Expenses
- Three-Year Positive Trending 12-Month RevPAR
- Localized Barriers to Entry For New Hotels
- Proximate to Elizabeth City State University, U.S. Coast Guard Base Elizabeth City, Sentara Albemarle Medical Center, Museum of the Albemarle, and More
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Listing Price: $18,700,000
Investment Highlights
- +/- 10% CAP at List Price
- $125+ Trailing RevPAR
- Extensively Renovated Hotel, Including Costly Items Above the PIP Scope
- Historically Strong Net Operating Income
- Low Location-Based Expenses
- Three-Year Positive Trending 12-Month RevPAR
- Localized Barriers to Entry For New Hotels
- Proximate to Elizabeth City State University, U.S. Coast Guard Base Elizabeth City, Sentara Albemarle Medical Center, Museum of the Albemarle, and More
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Fairfield Inn & Suites located in Elizabeth City, North Carolina. The hotel is a four-story property built in 2007. Fairfield Inn & Suites Elizabeth City provides the opportunity for a new owner to acquire a high-performing limited-service hotel within a stable market with barriers to entry and potential to realize significant returns through hands-on management and continued utilization of the Marriott name, reservation system, and loyal base of guests.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.