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Hotel-Motel

Best Western Plus Yadkin Valley Inn & Suites

1713 NC-67, Jonesville, NC 28642

Listing Price: $9,250,000

Cap Rate
18.63%
Number of Rooms
88
RevPAR
$71
Gross SF
52,248
Price/Room
$105,114
Price/Gross SF
$177.04
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 88-unit, Best Western Plus Yadkin Valley Inn & Suites, located in Jonesville, North  Carolina. The subject property is located on 2.76-acres of land featuring 2 ?oors of well-maintained guest rooms. Premium amenities at the hotel include an  outdoor swimming pool with a furnished patio for guests to enjoy. The hotel went through an extensive renovation and was converted from a Best Western core to a Best Western Plus in Q4 of 2018. The conversion has  attributed to significant rate growth and allowed the property to become one of the top performers in the competitive set. The Common area amenities include complimentary continental breakfast, lobby lounge, business center, guest-laundry facilities, free on-site parking, and ?tness center. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, minifridge, in-room coffee & tea maker, hairdryer, and desk with chair. Select rooms offer an in-room spa bath. The Best Western Plus is ideally located directly off I-77 which boasts high traffic counts of 50,000+ vehicles per day. Jonesville is located in northwestern North  Carolina about 40 miles outside of Winston Salem and 60 miles outside of Charlotte, NC. The area is situated among the rolling foothills of the Blue Ridge Mountains and boasts an endless  supply of outdoor activities including, swimming, hiking, kayaking, ?shing, and much more. The area bene?ts from a centralized location along I-77  providing access to Winston-Salem, Boone, and Charlotte. The subject property is within walking distance of retail and restaurants. Winston-Salem offers a  larger metro and a variety of demand generators including universities, company headquarters, and leisure attractions. Higher education in the Winston-Salem area include Wake Forrest University, Winston-Salem University, and Salem College. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company(makers of Texas Pete), Wells Fargo Bank, and Lowes Foods have established headquarters in Winston-Salem. For traveling to the area, the Greensboro Piedmont Triad International Airport is located 51 miles away.

Investment Highlights

  • Fee Simple Interest in the 88-unit, Best Western Plus Yadkin Valley Inn & Suites, Located in Jonesville, North Carolina
  • Located Directly off I-77 | Close Proximity Winton-Salem, Charlotte, and Boone
  • Winston Salem is Located 40 miles Away | Larger Metro, Corporate Headquarters, Universities, and Leisure Attractions  
  • Converted from Best Western Core to Best Western Plus in Q4 2018 Which has Translated to Significant Rate Growth
  • Outdoor Attractions | Jonesville Greenway, Holcomb's Blueberries, Midnight Magdalena Vineyards, Carolina Skydiving

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Best Western Plus Yadkin Valley Inn & Suites

Listing Price: $9,250,000

Cap Rate
18.63%
Number of Rooms
88
RevPAR
$71
Gross SF
52,248
Price/Room
$105,114
Price/Gross SF
$177.04
Year Built
1984

Investment Highlights

  • Fee Simple Interest in the 88-unit, Best Western Plus Yadkin Valley Inn & Suites, Located in Jonesville, North Carolina
  • Located Directly off I-77 | Close Proximity Winton-Salem, Charlotte, and Boone
  • Winston Salem is Located 40 miles Away | Larger Metro, Corporate Headquarters, Universities, and Leisure Attractions  
  • Converted from Best Western Core to Best Western Plus in Q4 2018 Which has Translated to Significant Rate Growth
  • Outdoor Attractions | Jonesville Greenway, Holcomb's Blueberries, Midnight Magdalena Vineyards, Carolina Skydiving

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 88-unit, Best Western Plus Yadkin Valley Inn & Suites, located in Jonesville, North  Carolina. The subject property is located on 2.76-acres of land featuring 2 ?oors of well-maintained guest rooms. Premium amenities at the hotel include an  outdoor swimming pool with a furnished patio for guests to enjoy. The hotel went through an extensive renovation and was converted from a Best Western core to a Best Western Plus in Q4 of 2018. The conversion has  attributed to significant rate growth and allowed the property to become one of the top performers in the competitive set. The Common area amenities include complimentary continental breakfast, lobby lounge, business center, guest-laundry facilities, free on-site parking, and ?tness center. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, minifridge, in-room coffee & tea maker, hairdryer, and desk with chair. Select rooms offer an in-room spa bath. The Best Western Plus is ideally located directly off I-77 which boasts high traffic counts of 50,000+ vehicles per day. Jonesville is located in northwestern North  Carolina about 40 miles outside of Winston Salem and 60 miles outside of Charlotte, NC. The area is situated among the rolling foothills of the Blue Ridge Mountains and boasts an endless  supply of outdoor activities including, swimming, hiking, kayaking, ?shing, and much more. The area bene?ts from a centralized location along I-77  providing access to Winston-Salem, Boone, and Charlotte. The subject property is within walking distance of retail and restaurants. Winston-Salem offers a  larger metro and a variety of demand generators including universities, company headquarters, and leisure attractions. Higher education in the Winston-Salem area include Wake Forrest University, Winston-Salem University, and Salem College. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company(makers of Texas Pete), Wells Fargo Bank, and Lowes Foods have established headquarters in Winston-Salem. For traveling to the area, the Greensboro Piedmont Triad International Airport is located 51 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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