Hotel-Motel

Fairfield Inn & Suites Charlotte Arrowood

7920 Arrowridge Blvd, Charlotte, NC 28273

Listing Price: $7,750,000

Cap Rate
1.41%
Number of Rooms
82
RevPAR
$31
Gross SF
39,689
Price/Room
$94,512
RRM
8.35
Price/Gross SF
$195.27
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in the Fairfield Inn & Suites by Marriott Charlotte Arrowood located in North Carolina. This property consists of 82 very well-maintained guest rooms with excellent location off Interstate-77. The rooms offer free WiFi, desks with ergonomic chairs, flat-screen TVs with premium channels, and iPod docks, as well as coffeemakers, minifridges and microwaves. Suites add separate living areas with pull-out sofas. The hotel features premium amenities including free hot breakfast and parking, as well as a seasonal outdoor pool and a gym. Other amenities include a business center, a convenience store and guest laundry facilities. The Fairfield Inn & Suites is located 4 miles from the Carowinds amusement park, and 9.9 miles from the Discovery Place museum.

Marcus & Millichap, acting as the exclusive listing broker, is pleased to offer the opportunity to acquire the 82-unit, 3 story, interior-corridor Fairfield Inn & Suites by Marriott Charlotte Arrowood. The subject property is located at 7920 Arrow Boulevard, in Charlotte, North Carolina. The limited service hotel has recently undergone a renovation. The subject property is in close proximity to Charlotte Douglas International Airport, the fifth-busiest airport in the world with an estimated 44 million travelers per year. Combining a prime location directly off of Interstate 77 (which is a thoroughfare connecting Charlotte with major cities like Columbia, SC to the South and Cleveland, OH to the North) with an estimated traffic count of 136,000 vehicles per day, this hotel is ideally positioned for an investor to capitalize on an extremely active and dynamic market.

The Fairfield Inn & Suites benefits from its ideal location, only 4 mile from Carowinds, a 398-acre amusement park boasting nearly 2 million visitors annually. The park is located at the border of North and South Carolina and was built as an initiative to bring the two states closer together. The Fury 325 features a 6,602-foot-long track that reaches a maximum height of 325 feet, making it the fifth-tallest roller coaster in the world and the tallest overall among roller coasters that use a traditional chain lift hill. Riders experience speeds of up to 95 miles per hour, winding through high-speed curves and passing over and under the park's main entrance. Fury 325 has also been voted the world's best steel coaster in Amusement Today's Golden Ticket Awards for four consecutive years beginning in 2016.




Investment Highlights

  • Fee simple interest in the Fairfield Inn & Suites by Marriott Charlotte located in Ar
  • Located less than 5 miles from Carowinds Amusement Park
  • Close Proximity to I485, I77 & I85
  • 82 Guestrooms (all suites)(40,060 SF Bldg. +/-)
  • Limited service Hotel- Renovated Feb-2020

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Hotel-Motel

Fairfield Inn & Suites Charlotte Arrowood

Listing Price: $7,750,000

Cap Rate
1.41%
Number of Rooms
82
RevPAR
$31
Gross SF
39,689
Price/Room
$94,512
RRM
8.35
Price/Gross SF
$195.27
Year Built
1997

Investment Highlights

  • Fee simple interest in the Fairfield Inn & Suites by Marriott Charlotte located in Ar
  • Located less than 5 miles from Carowinds Amusement Park
  • Close Proximity to I485, I77 & I85
  • 82 Guestrooms (all suites)(40,060 SF Bldg. +/-)
  • Limited service Hotel- Renovated Feb-2020

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in the Fairfield Inn & Suites by Marriott Charlotte Arrowood located in North Carolina. This property consists of 82 very well-maintained guest rooms with excellent location off Interstate-77. The rooms offer free WiFi, desks with ergonomic chairs, flat-screen TVs with premium channels, and iPod docks, as well as coffeemakers, minifridges and microwaves. Suites add separate living areas with pull-out sofas. The hotel features premium amenities including free hot breakfast and parking, as well as a seasonal outdoor pool and a gym. Other amenities include a business center, a convenience store and guest laundry facilities. The Fairfield Inn & Suites is located 4 miles from the Carowinds amusement park, and 9.9 miles from the Discovery Place museum.

Marcus & Millichap, acting as the exclusive listing broker, is pleased to offer the opportunity to acquire the 82-unit, 3 story, interior-corridor Fairfield Inn & Suites by Marriott Charlotte Arrowood. The subject property is located at 7920 Arrow Boulevard, in Charlotte, North Carolina. The limited service hotel has recently undergone a renovation. The subject property is in close proximity to Charlotte Douglas International Airport, the fifth-busiest airport in the world with an estimated 44 million travelers per year. Combining a prime location directly off of Interstate 77 (which is a thoroughfare connecting Charlotte with major cities like Columbia, SC to the South and Cleveland, OH to the North) with an estimated traffic count of 136,000 vehicles per day, this hotel is ideally positioned for an investor to capitalize on an extremely active and dynamic market.

The Fairfield Inn & Suites benefits from its ideal location, only 4 mile from Carowinds, a 398-acre amusement park boasting nearly 2 million visitors annually. The park is located at the border of North and South Carolina and was built as an initiative to bring the two states closer together. The Fury 325 features a 6,602-foot-long track that reaches a maximum height of 325 feet, making it the fifth-tallest roller coaster in the world and the tallest overall among roller coasters that use a traditional chain lift hill. Riders experience speeds of up to 95 miles per hour, winding through high-speed curves and passing over and under the park's main entrance. Fury 325 has also been voted the world's best steel coaster in Amusement Today's Golden Ticket Awards for four consecutive years beginning in 2016.




Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

MM Texture Background
MM Textured Background Lower