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Hotel-Motel

Fairfield Inn & Suites Southport

5181 Southport-Supply Rd SE, Southport, NC 28461

Listing Price: $10,100,000

Cap Rate
6.56%
Number of Rooms
80
RevPAR
$85
Gross SF
49,743
Price/Room
$126,250
Price/Gross SF
$203.04
Year Built
2000

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 80-room Fairfield Inn & Suites located in Southport, North Carolina, a city in the southeastern portion of the state in the Cape Fear Region. The hotel is a three-story metal frame property built in 2000. It was originally built as a Hampton Inn and then converted to Fairfield Inn in 2020, around the time the new Hampton Inn opened. Operations have been temporarily impacted by ongoing Highway 211 widening, which is scheduled for completion in 2026, presenting significant upside for a new owner.

Fairfield Inn & Suites Southport provides the opportunity for a new owner to acquire the only Marriott-branded hotel in Brunswick County with potential to realize significant RevPAR growth through recovery from the road construction, driving ADR closer to the market leader following the refresh PIP renovation that is expected to be due in a few years, as well as hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Investment Highlights

  • The Only Marriott Branded Hotel in Brunswick County
  • Positive Year-to-Date ADR Trend
  • Upside Following Road Construction Expected to be Completed in 2026
  • Located in Brunswick County, the Fastest Growing County in North Carolina
  • Historically Strong and Stable Net Operating Income
  • Proximate to US Military Ocean Terminal Sunny Point, Dosher Memorial Hospital, Brunswick Nuclear Plant, Archer Daniels Midland, and North Carolina Maritime Museum of Southport

Exclusively Listed By

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • McLean Hicklin

    Senior Director Investments

    (864) 626-3163

    Email McLean

    License(s): SC: 96287, NC: LC 740, AL: 000149965-0

    Columbia

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Hotel-Motel

Fairfield Inn & Suites Southport

Listing Price: $10,100,000

Cap Rate
6.56%
Number of Rooms
80
RevPAR
$85
Gross SF
49,743
Price/Room
$126,250
Price/Gross SF
$203.04
Year Built
2000

Investment Highlights

  • The Only Marriott Branded Hotel in Brunswick County
  • Positive Year-to-Date ADR Trend
  • Upside Following Road Construction Expected to be Completed in 2026
  • Located in Brunswick County, the Fastest Growing County in North Carolina
  • Historically Strong and Stable Net Operating Income
  • Proximate to US Military Ocean Terminal Sunny Point, Dosher Memorial Hospital, Brunswick Nuclear Plant, Archer Daniels Midland, and North Carolina Maritime Museum of Southport

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 80-room Fairfield Inn & Suites located in Southport, North Carolina, a city in the southeastern portion of the state in the Cape Fear Region. The hotel is a three-story metal frame property built in 2000. It was originally built as a Hampton Inn and then converted to Fairfield Inn in 2020, around the time the new Hampton Inn opened. Operations have been temporarily impacted by ongoing Highway 211 widening, which is scheduled for completion in 2026, presenting significant upside for a new owner. Fairfield Inn & Suites Southport provides the opportunity for a new owner to acquire the only Marriott-branded hotel in Brunswick County with potential to realize significant RevPAR growth through recovery from the road construction, driving ADR closer to the market leader following the refresh PIP renovation that is expected to be due in a few years, as well as hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Exclusively Listed By

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • McLean Hicklin

    Senior Director Investments

    (864) 626-3163

    Email McLean

    License(s): SC: 96287, NC: LC 740, AL: 000149965-0

    Columbia

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513

    Charlotte Uptown

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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