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Hotel-Motel

Wingate By Wyndham Charlotte Airport I-85/I-485

4238 Business Center Dr, Charlotte, NC 28214

Listing Price: $7,850,000

Cap Rate
1.03%
Number of Rooms
80
RevPAR
$31
Gross SF
47,877
Price/Room
$98,125
RRM
8.54
Price/Gross SF
$163.96
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 80-unit, Wingate By Wyndham Charlotte Airport I-85/I-485 located in North Carolina. This well-appointed hotel was constructed in 2002 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms provide complimentary Wi-Fi and HDTVs, plus minifridges, microwaves, hair dryers, ironing boards and coffeemakers. Amenities include hot breakfast, an airport shuttle and parking. There are also business and fitness rooms, plus meeting space.

Investment Highlights

  • Located 2.1 miles from the Charlotte Douglas International Airport
  • Offered well below replacement costs and within walking distance to all local demand
  • Offered unencumbered of debt and management
  • Fee simple interest in the 80-unit, Wingate By Wyndham Charlotte Airport I-85/I-485

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Wingate By Wyndham Charlotte Airport I-85/I-485

Listing Price: $7,850,000

Cap Rate
1.03%
Number of Rooms
80
RevPAR
$31
Gross SF
47,877
Price/Room
$98,125
RRM
8.54
Price/Gross SF
$163.96
Year Built
2003

Investment Highlights

  • Located 2.1 miles from the Charlotte Douglas International Airport
  • Offered well below replacement costs and within walking distance to all local demand
  • Offered unencumbered of debt and management
  • Fee simple interest in the 80-unit, Wingate By Wyndham Charlotte Airport I-85/I-485

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 80-unit, Wingate By Wyndham Charlotte Airport I-85/I-485 located in North Carolina. This well-appointed hotel was constructed in 2002 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms provide complimentary Wi-Fi and HDTVs, plus minifridges, microwaves, hair dryers, ironing boards and coffeemakers. Amenities include hot breakfast, an airport shuttle and parking. There are also business and fitness rooms, plus meeting space.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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