Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 103-unit, Cambria Hotel Raleigh-Durham Airport, located in Morrisville, North Carolina. The subject property was built in 2008 and features 4 floors of well-maintained rooms. With its convenient location directly outside the Raleigh-Durham International Airport, the hotel features a complimentary airport shuttle to transport guests. Additional amenities include a restaurant, full-service bar, indoor heated pool and hot tub, CustomFit state-of-the-art fitness center, business center and a convenience store. The property is well equipped to host corporate meetings and special events with over 2,100 SF of banquet space. Guests can enjoy complimentary on-site parking and for an added charge, full breakfast. Well-maintained guest rooms provide free Wi-Fi, flat screen TV, microwave, minifridge, in-room coffee & tea maker, private bathrooms, living room, and sofabed. The Cambria Hotel is located about 1 mile off I-40 with close proximity downtown Raleigh, 20 minutes away, and all demand generators. Raleigh is one of the fastest-growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. In 2018, Raleigh was named the # 1 U.S city for jobs boasting the best overall combination of job openings (24,146), population (1.2 Million), and a median base salary ($50,950). Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. The Raleigh-Durham area features many universities, including but not limited to Duke University, North Carolina State University, University of North Carolina, and Meredith College.