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Hotel-Motel

Baymont Wilmington

4926 Market St, Wilmington, NC 28403

Listing Price: $5,750,000

Cap Rate
14.09%
Number of Rooms
118
Gross SF
135,907
Price/Room
$48,729
Price/Gross SF
$42.31
Year Built
1985

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 118-room Baymont located in Wilmington, NC. The Baymont is a 1985-build, 2-story property located near US-17, providing ease of access for commerce and tourism. Baymont provides the opportunity for a new owner to acquire a 100-plus room hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham name, reservation system, and loyal base of guests.

Investment Highlights

  • Extensive Recent Renovation - Nearly $600,000 Spent Over Last +/- 2.5 Years
  • Transition from Quality Inn to Baymont was November 1, 2019
  • Highly-Desirable, Strong Secondary Market

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Listing Price: $5,750,000

Cap Rate
14.09%
Number of Rooms
118
Gross SF
135,907
Price/Room
$48,729
Price/Gross SF
$42.31
Year Built
1985

Investment Highlights

  • Extensive Recent Renovation - Nearly $600,000 Spent Over Last +/- 2.5 Years
  • Transition from Quality Inn to Baymont was November 1, 2019
  • Highly-Desirable, Strong Secondary Market

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 118-room Baymont located in Wilmington, NC. The Baymont is a 1985-build, 2-story property located near US-17, providing ease of access for commerce and tourism. Baymont provides the opportunity for a new owner to acquire a 100-plus room hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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