Hotel-Motel
Days Inn Wilkesboro
1840 US-421, Wilkesboro, NC 28697
Listing Price: $7,000,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Days Inn Wilkesboro, located in Wilkesboro, North Carolina. The subject property is situated on 2.33 acres of land and features 2 ?oors of well-maintained guest rooms. The property underwent extensive renovations in 2018. Premium amenities at the hotel include a seasonal outdoor swimming pool, outdoor picnic area, and shared lobby lounge area with a TV. Common area amenities include complimentary breakfast, business center, meeting room, bus & truck parking, vending machines, 24-hour reception desk, and free on-site parking. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, refrigerator, desk with chair, in-room coffee & tea maker, and additional seating. The Days Inn is in Wilkesboro along US Highway-421 with proximity to nearby metros that include but are not limited to; Winston Salem, NC, Charlotte, NC & the Northern Charlotte MSA & Western region of the Piedmont Triad. The subject property is situated along the main retail corridor of Wilkesboro and surrounded by numerous restaurants and retail stores. Wilkesboro is in the foothills of the Blue Ridge Mountains – North Carolina’s most popular tourist destination for out of state visitors. The area boasts an array of outdoorsy events such as hiking, kayaking, trail riding and fishing. Industry is also large in the area; Wilkesboro is home to Tyson Foods Inc. & Lowe’s Corporations Support Center. Tyson Foods maintains a large-scale poultry processing plant in town that had recently underwent a multi-million-dollar redevelopment. The 24,000 SF plant employees over 2500 individuals. Lowe’s Companies Store Support Center is also in town – one of nine support centers that the company has across the U.S. and Canada. Lowe’s Corporation employees over 300,000 nationwide & is headquartered just 60 miles away in Mooresville, NC.
Days Inn Wilkesboro
Investment Highlights
- Fee simple interest in the 115-unit, Days Inn Wilkesboro, located in Wilkesboro, North Carolina
- Ideally located in the heart of Wilkesboro with proximity to all local & regional demand generators
- Historical Room Revenues of $2,000,000M+ without an owner or operator onsite
- Offered at 3.33X Historical Room Revenues | 2023 Room Revenues are expected to surpass historical revenue streams
- Strong cash flows historically without hands on operations | Ideal for both an onsite operator or hands off ownership
- Proximity to NC Metros | Winston Salem (50 Miles), Charlotte (85 Miles), Asheville (100 Miles)
- Home to the 2023 NASCAR All Star Race, MerleFest & various other reoccurring annual events
- Major local employers include Tyson Foods & Lowe's Companies, Inc.
Listing Price: $7,000,000
Investment Highlights
- Fee simple interest in the 115-unit, Days Inn Wilkesboro, located in Wilkesboro, North Carolina
- Ideally located in the heart of Wilkesboro with proximity to all local & regional demand generators
- Historical Room Revenues of $2,000,000M+ without an owner or operator onsite
- Offered at 3.33X Historical Room Revenues | 2023 Room Revenues are expected to surpass historical revenue streams
- Strong cash flows historically without hands on operations | Ideal for both an onsite operator or hands off ownership
- Proximity to NC Metros | Winston Salem (50 Miles), Charlotte (85 Miles), Asheville (100 Miles)
- Home to the 2023 NASCAR All Star Race, MerleFest & various other reoccurring annual events
- Major local employers include Tyson Foods & Lowe's Companies, Inc.
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Days Inn Wilkesboro, located in Wilkesboro, North Carolina. The subject property is situated on 2.33 acres of land and features 2 ?oors of well-maintained guest rooms. The property underwent extensive renovations in 2018. Premium amenities at the hotel include a seasonal outdoor swimming pool, outdoor picnic area, and shared lobby lounge area with a TV. Common area amenities include complimentary breakfast, business center, meeting room, bus & truck parking, vending machines, 24-hour reception desk, and free on-site parking. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, refrigerator, desk with chair, in-room coffee & tea maker, and additional seating. The Days Inn is in Wilkesboro along US Highway-421 with proximity to nearby metros that include but are not limited to; Winston Salem, NC, Charlotte, NC & the Northern Charlotte MSA & Western region of the Piedmont Triad. The subject property is situated along the main retail corridor of Wilkesboro and surrounded by numerous restaurants and retail stores. Wilkesboro is in the foothills of the Blue Ridge Mountains – North Carolina’s most popular tourist destination for out of state visitors. The area boasts an array of outdoorsy events such as hiking, kayaking, trail riding and fishing. Industry is also large in the area; Wilkesboro is home to Tyson Foods Inc. & Lowe’s Corporations Support Center. Tyson Foods maintains a large-scale poultry processing plant in town that had recently underwent a multi-million-dollar redevelopment. The 24,000 SF plant employees over 2500 individuals. Lowe’s Companies Store Support Center is also in town – one of nine support centers that the company has across the U.S. and Canada. Lowe’s Corporation employees over 300,000 nationwide & is headquartered just 60 miles away in Mooresville, NC.
