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Hotel-Motel

Fairfield Inn & Suites

121 Circuit Ln, Jacksonville, NC 28546

Listing Price: $6,500,000

Cap Rate
11.91%
Number of Rooms
79
Gross SF
102,801
Price/Room
$82,278
Price/Gross SF
$63.23
Year Built
2000

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 79 room Fairfield Inn & Suites located in Jacksonville, North Carolina. The Fairfield Inn & Suites is a 2000-build, three-story property just off near US highway 17, providing ease of access for commerce and tourism. Fairfield Inn & Suites Jacksonville provides the opportunity for a new owner to acquire a Marriott branded property with potential to realize significant RevPAR growth through a PIP renovation, hands-on management, and utilization of the Marriott name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off of US Highway 17
  • New Supply has Slowed in Recent Years
  • 3-year Positive Trend at the Fairfield Inn & Suites and in Competitive Set for Both ADR and Occupancy

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Listing Price: $6,500,000

Cap Rate
11.91%
Number of Rooms
79
Gross SF
102,801
Price/Room
$82,278
Price/Gross SF
$63.23
Year Built
2000

Investment Highlights

  • Property is Located Just off of US Highway 17
  • New Supply has Slowed in Recent Years
  • 3-year Positive Trend at the Fairfield Inn & Suites and in Competitive Set for Both ADR and Occupancy

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 79 room Fairfield Inn & Suites located in Jacksonville, North Carolina. The Fairfield Inn & Suites is a 2000-build, three-story property just off near US highway 17, providing ease of access for commerce and tourism. Fairfield Inn & Suites Jacksonville provides the opportunity for a new owner to acquire a Marriott branded property with potential to realize significant RevPAR growth through a PIP renovation, hands-on management, and utilization of the Marriott name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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