Skip to main content

Hotel-Motel

Ahoskie Inn (Conversion Opportunity)

343 NC-561 W, Ahoskie, NC 27910

Listing Price: $3,750,000

Cap Rate
10.24%
Number of Rooms
98
RevPAR
$30
Gross SF
55,000
Price/Room
$38,265
Price/Gross SF
$68.18
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 99-unit, interior corridor, Ahoskie Inn (Conversion Opportunity), located in Ahoskie, North Carolina. The Ahoskie Inn offers a great opportunity for a new investor to improve sales and marketing with the completion of property improvement plan and rebranding. The subject property is presented with a franchise agreement with Choice Hotels for the Quality Inn conversion. Common area amenities at the hotel include a restaurant with a full bar and lounge, guest-laundry facilities, convenience store and a 24-hour front desk. Guests can enjoy complimentary breakfast and on-site parking throughout their stay. The property features a large banquet room, fully equipped to host business meetings and special events with catering from the on-site restaurant. Each guest room is equipped with free Wi-Fi, flat screen TV, microwave, refrigerator, in-room coffee maker, ironing equipment, seating area, and hairdryer. The Ahoskie Inn is located in northeastern, North Carolina with close proximity to all demand generators, including the Murfeesboro historic district, the Chowan River, and some of North Carolina’s best hunting grounds. The area is predominantly known for its outdoors spaces and attractions including merchants Millpond State Park, Cashie Wetlands Walk, Cashie River Boardwalk, and the Sylvan Height Bird Park. The subject property features one the largest banquet facilities in northeastern North Carolina for hosting meetings, conventions, and special events. There are two colleges nearby, Roanoke Chowan Community College, 2 miles away, and Chowan University, 11 miles away. Vidant Roanoke-Chowan Hospital, 3 miles away, is a 148 bed hospital apart of the University Health Systems of Eastern Carolina.

Investment Highlights

  • Fee simple interest in the 98-unit, Ahoskie Inn (Conversion Opportunity), located in Ahoskie, North Carolina
  • Largest banquet facilities in northeastern North Carolina | Equipped to host meetings, conventions, and special events
  • Vidant Roanoke-Chowan Hospital, a 148-bed hospital apart of the University Health System of Eastern Carolina, is located 3 miles away
  • Two Colleges Nearby | Roanoke Chowan Community College (2 miles) & Chowan University (11 miles)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Ahoskie Inn (Conversion Opportunity)

Listing Price: $3,750,000

Cap Rate
10.24%
Number of Rooms
98
RevPAR
$30
Gross SF
55,000
Price/Room
$38,265
Price/Gross SF
$68.18
Year Built
1983

Investment Highlights

  • Fee simple interest in the 98-unit, Ahoskie Inn (Conversion Opportunity), located in Ahoskie, North Carolina
  • Largest banquet facilities in northeastern North Carolina | Equipped to host meetings, conventions, and special events
  • Vidant Roanoke-Chowan Hospital, a 148-bed hospital apart of the University Health System of Eastern Carolina, is located 3 miles away
  • Two Colleges Nearby | Roanoke Chowan Community College (2 miles) & Chowan University (11 miles)

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 99-unit, interior corridor, Ahoskie Inn (Conversion Opportunity), located in Ahoskie, North Carolina. The Ahoskie Inn offers a great opportunity for a new investor to improve sales and marketing with the completion of property improvement plan and rebranding. The subject property is presented with a franchise agreement with Choice Hotels for the Quality Inn conversion. Common area amenities at the hotel include a restaurant with a full bar and lounge, guest-laundry facilities, convenience store and a 24-hour front desk. Guests can enjoy complimentary breakfast and on-site parking throughout their stay. The property features a large banquet room, fully equipped to host business meetings and special events with catering from the on-site restaurant. Each guest room is equipped with free Wi-Fi, flat screen TV, microwave, refrigerator, in-room coffee maker, ironing equipment, seating area, and hairdryer. The Ahoskie Inn is located in northeastern, North Carolina with close proximity to all demand generators, including the Murfeesboro historic district, the Chowan River, and some of North Carolina’s best hunting grounds. The area is predominantly known for its outdoors spaces and attractions including merchants Millpond State Park, Cashie Wetlands Walk, Cashie River Boardwalk, and the Sylvan Height Bird Park. The subject property features one the largest banquet facilities in northeastern North Carolina for hosting meetings, conventions, and special events. There are two colleges nearby, Roanoke Chowan Community College, 2 miles away, and Chowan University, 11 miles away. Vidant Roanoke-Chowan Hospital, 3 miles away, is a 148 bed hospital apart of the University Health Systems of Eastern Carolina.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

MM Texture Background
MM Textured Background Lower