Hotel-Motel

Holiday Inn Express Charlotte West

1911 Broadcast St, Gastonia, NC 28052

Listing Price: Request For Offer

Number of Rooms
80
Gross SF
82,764
Year Built
2005

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 80 room Holiday Inn Express located in Gastonia, North Carolina, a suburb of Charlotte. The Holiday Inn Express is a 4-story property, built in 2005 and located just off Interstate 85, providing ease of access for commerce and tourism. Holiday Inn Express Charlotte West Gastonia provides the opportunity for a new owner to acquire an 80 room hotel, with the majority of the Formula Blue PIP completed and potential to realize significant RevPAR growth through increasing operational efficiency and taking advantage of the recovery from COVID/new hotel supply.

Investment Highlights

  • Possibility of the existing lender staying in for a new owner.
  • Sold in 2018 for $8,650,000, minimal change of ownership PIP expected.
  • Room Revenues exceeded $2,300,000 (December 2016) under prior ownership.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Hotel-Motel

Holiday Inn Express Charlotte West

Listing Price: Request For Offer

Number of Rooms
80
Gross SF
82,764
Year Built
2005

Investment Highlights

  • Possibility of the existing lender staying in for a new owner.
  • Sold in 2018 for $8,650,000, minimal change of ownership PIP expected.
  • Room Revenues exceeded $2,300,000 (December 2016) under prior ownership.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 80 room Holiday Inn Express located in Gastonia, North Carolina, a suburb of Charlotte. The Holiday Inn Express is a 4-story property, built in 2005 and located just off Interstate 85, providing ease of access for commerce and tourism. Holiday Inn Express Charlotte West Gastonia provides the opportunity for a new owner to acquire an 80 room hotel, with the majority of the Formula Blue PIP completed and potential to realize significant RevPAR growth through increasing operational efficiency and taking advantage of the recovery from COVID/new hotel supply.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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