Hotel-Motel
Comfort Suites
350 Ashville Ave, Cary, NC 27518
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the fee-simple interest in the Comfort Suites located in Cary, North Carolina. Strategically positioned near Interstate 40 and just five miles from Raleigh-Durham International Airport, the Hotel offers exceptional accessibility to Research Triangle Park, Downtown Raleigh, Durham, and Chapel Hill. The property features spacious all-suite accommodations and a full array of amenities including a complimentary hot breakfast, fitness center, business center, meeting facilities, guest laundry, and ample on-site parking, catering to both business and leisure travelers.
Cary is one of the fastest-growing and most affluent communities in North Carolina, positioned at the heart of the Research Triangle Region, one of the nation’s leading hubs for technology, life sciences, and higher education. The market is anchored by Research Triangle Park (RTP), home to over 170 companies and 38,000 employees, as well as major employers headquartered in Cary such as SAS Institute, Epic Games, and Deutsche Bank. Additional demand drivers include Raleigh-Durham International Airport, the $1 billion Apple East Coast Campus, Cisco Systems, IBM, GlaxoSmithKline, and multiple universities including Duke University, University of North Carolina at Chapel Hill, and North Carolina State University. Cary’s robust corporate presence, combined with significant investments in sports facilities, downtown revitalization, and mixed-use developments like Fenton, continue to drive strong and diversified lodging demand. With its strategic location, balanced mix of corporate and leisure demand generators, and resilient hotel market, the Cary lodging sector is well-positioned for sustained growth and long-term stability.
Investment Highlights
- Fee simple interest in the 122-unit Comfort Suites located in Cary, North Carolina
- Strategic positioning near major thoroughfares including I-40, I-540, and I-440 providing high visibility and direct access to Raleigh, Durham, Chapel Hill, and the broader Southeast region
- High barrier to entry location, Cary is one of the faster growing suburbs in the Raleigh-Durham metro
- Subject property is offered below replacement costs with significant upside through completing the new ownership PIP, or converting the asset to a premium branded select service(extended stay) hotel
- Minutes to Research Triangle Park (RTP), the research triangle which connects Raleigh, Chapel Hill, and Durham is home to over 170 companies and 38,000 employees in tech, life sciences, and research & development
Exclusively Listed By
Broker of Record
Investment Highlights
- Fee simple interest in the 122-unit Comfort Suites located in Cary, North Carolina
- Strategic positioning near major thoroughfares including I-40, I-540, and I-440 providing high visibility and direct access to Raleigh, Durham, Chapel Hill, and the broader Southeast region
- High barrier to entry location, Cary is one of the faster growing suburbs in the Raleigh-Durham metro
- Subject property is offered below replacement costs with significant upside through completing the new ownership PIP, or converting the asset to a premium branded select service(extended stay) hotel
- Minutes to Research Triangle Park (RTP), the research triangle which connects Raleigh, Chapel Hill, and Durham is home to over 170 companies and 38,000 employees in tech, life sciences, and research & development
Investment Overview
Marcus & Millichap is pleased to present the fee-simple interest in the Comfort Suites located in Cary, North Carolina. Strategically positioned near Interstate 40 and just five miles from Raleigh-Durham International Airport, the Hotel offers exceptional accessibility to Research Triangle Park, Downtown Raleigh, Durham, and Chapel Hill. The property features spacious all-suite accommodations and a full array of amenities including a complimentary hot breakfast, fitness center, business center, meeting facilities, guest laundry, and ample on-site parking, catering to both business and leisure travelers. Cary is one of the fastest-growing and most affluent communities in North Carolina, positioned at the heart of the Research Triangle Region, one of the nation’s leading hubs for technology, life sciences, and higher education. The market is anchored by Research Triangle Park (RTP), home to over 170 companies and 38,000 employees, as well as major employers headquartered in Cary such as SAS Institute, Epic Games, and Deutsche Bank. Additional demand drivers include Raleigh-Durham International Airport, the $1 billion Apple East Coast Campus, Cisco Systems, IBM, GlaxoSmithKline, and multiple universities including Duke University, University of North Carolina at Chapel Hill, and North Carolina State University. Cary’s robust corporate presence, combined with significant investments in sports facilities, downtown revitalization, and mixed-use developments like Fenton, continue to drive strong and diversified lodging demand. With its strategic location, balanced mix of corporate and leisure demand generators, and resilient hotel market, the Cary lodging sector is well-positioned for sustained growth and long-term stability.
Exclusively Listed By
Broker of Record

