Hotel-Motel

Budget Inn High Point

Listing Price: $2,250,000

Cap Rate
13.39%
Number of Rooms
83
RevPAR
$29
Gross SF
31,000
Price/Room
$27,108
RRM
2.61
Price/Gross SF
$72.58
Year Built
1973

Investment Overview

Marcus & Millichap, acting as exclusive listing broker, is pleased to offer the opportunity to acquire the Budget Inn High Point located in North Carolina. The subject property is a 2-story hotel consisting of 60 well-appointed guest rooms. Hotel amenities include a seasonal outdoor pool, accessible parking, and complimentary breakfast among others. The Budget Inn High Point is located directly off Business 85 and just miles from Interstate 85, providing easy access to attractions and businesses, including the largest furniture industry tradeshow and shopping district in the world.

The economy and lifestyle is mostly industrial and working-class, although there is a strong university presence and a high level of educational attainment. High Point University is a private liberal arts university located less than three miles from the Budget Inn Hotel. The university offers 47 undergraduate majors, 51 undergraduate minors and 12 graduate-degree majors. The economy of Archdale, NC employs 5.45k people. The largest industries in Archdale are manufacturing, retail trade, and health care, social assistance, and the highest paying industries are public administration, transportation, and warehousing. Archdale offers a diverse collection of attractions including Wet n Wild Emerald Pointe Water Park, the North Carolina Zoo, and Zimmerman Vineyards. Other attractions in Archdale include the John Deere Vintage Tractor Museum, Creekside Park, Kersey Valley, and Holly Ridge Golf Links. Kersey Valley Attractions is the most well-known place to go in Archdale for adventure seekers. People come from all over the state and beyond. They have zip lines, a high ropes course, Escape Room, cornfield maze, laser tag, and an event barn thats available for private parties, corporate events, and weddings.


High Point is known internationally as the Furniture Capital of the world. More than 85,000 people come to High Point every six months for High Point Market, the dominant trade show in the industry. High Point is part of the Piedmont Triad, an area with 1.6 million people. For two consecutive years, High Point and its diverse industry sectors led the way in getting its region named #1 in the nation for attracting new industry. The city has been named the third hottest real estate market in the United States for expanding and relocating companies. High Point has more than 70 international firms operating within the city. High Point is home to High Point University. The university has an economic impact statewide in excess of $370 million per year.

Investment Highlights

  • Fee-Simple Interest in the 60-unit, Two-Story, Budget Inn Located in High Point, NC
  • Located directly off Business 85 and just miles from Interstate 85
  • Proximity to Charlotte, Winston Salem, Greensboro, Durham and Raleigh, North Carolina

Exclusively Listed By

Listing Price: $2,250,000

Cap Rate
13.39%
Number of Rooms
83
RevPAR
$29
Gross SF
31,000
Price/Room
$27,108
RRM
2.61
Price/Gross SF
$72.58
Year Built
1973

Investment Highlights

  • Fee-Simple Interest in the 60-unit, Two-Story, Budget Inn Located in High Point, NC
  • Located directly off Business 85 and just miles from Interstate 85
  • Proximity to Charlotte, Winston Salem, Greensboro, Durham and Raleigh, North Carolina

Investment Overview

Marcus & Millichap, acting as exclusive listing broker, is pleased to offer the opportunity to acquire the Budget Inn High Point located in North Carolina. The subject property is a 2-story hotel consisting of 60 well-appointed guest rooms. Hotel amenities include a seasonal outdoor pool, accessible parking, and complimentary breakfast among others. The Budget Inn High Point is located directly off Business 85 and just miles from Interstate 85, providing easy access to attractions and businesses, including the largest furniture industry tradeshow and shopping district in the world.

The economy and lifestyle is mostly industrial and working-class, although there is a strong university presence and a high level of educational attainment. High Point University is a private liberal arts university located less than three miles from the Budget Inn Hotel. The university offers 47 undergraduate majors, 51 undergraduate minors and 12 graduate-degree majors. The economy of Archdale, NC employs 5.45k people. The largest industries in Archdale are manufacturing, retail trade, and health care, social assistance, and the highest paying industries are public administration, transportation, and warehousing. Archdale offers a diverse collection of attractions including Wet n Wild Emerald Pointe Water Park, the North Carolina Zoo, and Zimmerman Vineyards. Other attractions in Archdale include the John Deere Vintage Tractor Museum, Creekside Park, Kersey Valley, and Holly Ridge Golf Links. Kersey Valley Attractions is the most well-known place to go in Archdale for adventure seekers. People come from all over the state and beyond. They have zip lines, a high ropes course, Escape Room, cornfield maze, laser tag, and an event barn thats available for private parties, corporate events, and weddings.


High Point is known internationally as the Furniture Capital of the world. More than 85,000 people come to High Point every six months for High Point Market, the dominant trade show in the industry. High Point is part of the Piedmont Triad, an area with 1.6 million people. For two consecutive years, High Point and its diverse industry sectors led the way in getting its region named #1 in the nation for attracting new industry. The city has been named the third hottest real estate market in the United States for expanding and relocating companies. High Point has more than 70 international firms operating within the city. High Point is home to High Point University. The university has an economic impact statewide in excess of $370 million per year.

Exclusively Listed By

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