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Hotel-Motel

La Quinta Inn & Suites Wyndham Charlotte Airport South

4900 S Tryon St, Charlotte, NC 28217

Listing Price: $10,500,000

Cap Rate
6.10%
Number of Rooms
131
RevPAR
$50
Gross SF
77,806
Price/Room
$80,153
RRM
4.36
Price/Gross SF
$134.95
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 131-unit, La Quinta Inn & Suites Wyndham Charlotte Airport South, located in Charlotte, North Carolina. The subject property is ideally located on 2.09 acres of land within 6 miles of the Charlotte Douglas International Airport. As an added convenience, the hotel offers a complimentary airport shuttle to transport guest to and from the airport. A premium amenity at the hotel includes a seasonal outdoor swimming pool with a lounge area and towels. Common area amenities include a complimentary continental breakfast, business center, fitness center, vending machines, shared TV lounge area, free on-site parking meeting rooms and banquet facilities. Guest-laundry facilities are available for an additional charge. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, minifridge, in-room coffee & tea maker, desk with chair, iron & ironing board and hairdryer. The La Quinta Inn & Suites Wyndham Charlotte Airport South is conveniently located directly off Interstate-85, within 6 miles of the Charlotte Douglas International Airport which is ranked in the top 10 busiest airports in the U.S., with service to 178 domestic and international destinations. In 2021, more than 43 million passengers traveled through the Charlotte Douglas International Airport, which is a 59% increase from 2020 numbers which were impacted by COVID-19 pandemic. The airport is also home to the second largest hub of American Airlines. The subject property is situated 5 miles right outside of downtown Charlotte with close proximity to all demand generators. Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center. According to the Charlotte Regional Business Alliance, the Charlotte metro is home to 9 Fortune 500 companies as of 2021, including Honeywell, Truist, and Commscope. There are an abundant amount of higher education institutions within 25 miles of Charlotte, such as the University of North Carolina – Charlotte, Queen’s University, and Davidson College. The Carolina Panthers, a Charlotte based NFL team, is developing an $800 million training facility and headquarters for their team, located just 18 miles away.

Investment Highlights

  • Fee simple interest in the 131-unit, La Quinta Inn & Suites Wyndham Charlotte Airport South, located in Charlotte, North Carolina
  • Charlotte Metropolitan area consists of 9 Fortune 500 companies, including Bank of America, Truist, Duke Energy, Nucor, and Sonic Automotive
  • Major attractions in the area | Top Golf (4.5 miles), NASCAR Hall of Fame (5.8 miles), and Carowinds Amusement Park (7.5 miles)
  • Charlotte Douglas International Airport, 6 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Carolina Panthers, Charlotte based NFL team, is developing an $800 million training facility and headquarters, located 18 miles away

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

La Quinta Inn & Suites Wyndham Charlotte Airport South

Listing Price: $10,500,000

Cap Rate
6.10%
Number of Rooms
131
RevPAR
$50
Gross SF
77,806
Price/Room
$80,153
RRM
4.36
Price/Gross SF
$134.95
Year Built
1998

Investment Highlights

  • Fee simple interest in the 131-unit, La Quinta Inn & Suites Wyndham Charlotte Airport South, located in Charlotte, North Carolina
  • Charlotte Metropolitan area consists of 9 Fortune 500 companies, including Bank of America, Truist, Duke Energy, Nucor, and Sonic Automotive
  • Major attractions in the area | Top Golf (4.5 miles), NASCAR Hall of Fame (5.8 miles), and Carowinds Amusement Park (7.5 miles)
  • Charlotte Douglas International Airport, 6 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Carolina Panthers, Charlotte based NFL team, is developing an $800 million training facility and headquarters, located 18 miles away

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 131-unit, La Quinta Inn & Suites Wyndham Charlotte Airport South, located in Charlotte, North Carolina. The subject property is ideally located on 2.09 acres of land within 6 miles of the Charlotte Douglas International Airport. As an added convenience, the hotel offers a complimentary airport shuttle to transport guest to and from the airport. A premium amenity at the hotel includes a seasonal outdoor swimming pool with a lounge area and towels. Common area amenities include a complimentary continental breakfast, business center, fitness center, vending machines, shared TV lounge area, free on-site parking meeting rooms and banquet facilities. Guest-laundry facilities are available for an additional charge. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, minifridge, in-room coffee & tea maker, desk with chair, iron & ironing board and hairdryer. The La Quinta Inn & Suites Wyndham Charlotte Airport South is conveniently located directly off Interstate-85, within 6 miles of the Charlotte Douglas International Airport which is ranked in the top 10 busiest airports in the U.S., with service to 178 domestic and international destinations. In 2021, more than 43 million passengers traveled through the Charlotte Douglas International Airport, which is a 59% increase from 2020 numbers which were impacted by COVID-19 pandemic. The airport is also home to the second largest hub of American Airlines. The subject property is situated 5 miles right outside of downtown Charlotte with close proximity to all demand generators. Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center. According to the Charlotte Regional Business Alliance, the Charlotte metro is home to 9 Fortune 500 companies as of 2021, including Honeywell, Truist, and Commscope. There are an abundant amount of higher education institutions within 25 miles of Charlotte, such as the University of North Carolina – Charlotte, Queen’s University, and Davidson College. The Carolina Panthers, a Charlotte based NFL team, is developing an $800 million training facility and headquarters for their team, located just 18 miles away.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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