Hotel-Motel

Holiday Inn Wilmington

5032 Market St, Wilmington, NC 28405

Listing Price: $11,250,000

Cap Rate
9.84%
Number of Rooms
127
RevPAR
$65
Gross SF
83,520
Price/Room
$88,583
RRM
3.70
Price/Gross SF
$134.70
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the five story, 127-key, Holiday Inn, located off Market St, in Wilmington, North Carolina. The subject property is ideally located between Historic Downtown Wilmington, The University of North Carolina Wilmington, and multiple beaches. The Holiday Inn is walking distance to retail shops, restaurants and leisure entertainment. The current ownership is located out of state, offering a new investor a significant opportunity to improve bottom line inefficiencies in payroll and other areas. The Holiday Inn is located approximately 2.3 miles from UNCW, 6 miles from Wrightsville Beach and 3.5 miles from downtown Wilmington.


Investment Highlights

  • Fee-simple interest in the 127-room Holiday Inn Wilmington, NC
  • Offered unencumbered of debt and management with an attractive Cap Rate
  • New Investor will have an opportunity to renew the current franchise

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Listing Price: $11,250,000

Cap Rate
9.84%
Number of Rooms
127
RevPAR
$65
Gross SF
83,520
Price/Room
$88,583
RRM
3.70
Price/Gross SF
$134.70
Year Built
1985

Investment Highlights

  • Fee-simple interest in the 127-room Holiday Inn Wilmington, NC
  • Offered unencumbered of debt and management with an attractive Cap Rate
  • New Investor will have an opportunity to renew the current franchise

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the five story, 127-key, Holiday Inn, located off Market St, in Wilmington, North Carolina. The subject property is ideally located between Historic Downtown Wilmington, The University of North Carolina Wilmington, and multiple beaches. The Holiday Inn is walking distance to retail shops, restaurants and leisure entertainment. The current ownership is located out of state, offering a new investor a significant opportunity to improve bottom line inefficiencies in payroll and other areas. The Holiday Inn is located approximately 2.3 miles from UNCW, 6 miles from Wrightsville Beach and 3.5 miles from downtown Wilmington.


Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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