Hotel-Motel
Fairfield Inn & Suites Elizabeth City
1640 City Center Blvd, Elizabeth City, NC 27909
Listing Price: $16,900,000
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
- +/- 10.6% CAP Rate at List Price
- $124+ 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
Financing By
Listing Price: $16,900,000
Investment Highlights
- +/- 10.6% CAP Rate at List Price
- $124+ 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
Financing By
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