Hotel-Motel

Holiday Inn Express & Suites Mooresville

130 Norman Station Blvd, Mooresville, NC 28117

Listing Price: $8,100,000

Cap Rate
4.62%
Number of Rooms
74
RevPAR
$66
Gross SF
39,465
Price/Room
$109,459
RRM
4.63
Price/Gross SF
$205.25
Year Built
2003

Investment Overview

2.1 miles from the NASCAR Technical Institute and 2.6 miles from the Mooresville Museum. Off I-77, within walking distance of several fast-food restaurants, this straightforward hotel with exterior corridors is 2.2 miles from J R Motorsports racing track and 10.9 miles from Lake Norman.

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 74-unit, Five-story Holiday Inn Express & Suites located at 130 Norman Station Blvd, Mooresville, NC 28117. This well-appointed hotel was constructed in 2003 and is being offered well below replacement cost with ability to retain the current franchise. Each guest room features a flat-screen TVs, work desks, coffee maker, ironing amenities, and hair dryer. Suites additionally provide separate living areas with pull-out sofas and kitchenettes. Amenities include a complimentary hot breakfast, free parking and an outdoor swimming pool, as well as a business and fitness center.

The Holiday Inn Express format is aimed at travelers who value consistency, customer service, and convenient facilities at a limited service segment price point. The Express format has a major emphasis on operational efficiency, with over 80% of a location's space dedicated to revenue generation. Holiday Inn Express is one of the fastest-growing brands in the entire IHG hotel portfolio.



Investment Highlights

  • Fee-simple interest in the 74-unit, Five-story Holiday Inn Express & Suites
  • Offered unencumbered of management
  • Strategically located and easily accessible directly off Interstate 77
  • New owner will have unique opportunity to determine business plan for hotel

Exclusively Listed By

Hotel-Motel

Holiday Inn Express & Suites Mooresville

Listing Price: $8,100,000

Cap Rate
4.62%
Number of Rooms
74
RevPAR
$66
Gross SF
39,465
Price/Room
$109,459
RRM
4.63
Price/Gross SF
$205.25
Year Built
2003

Investment Highlights

  • Fee-simple interest in the 74-unit, Five-story Holiday Inn Express & Suites
  • Offered unencumbered of management
  • Strategically located and easily accessible directly off Interstate 77
  • New owner will have unique opportunity to determine business plan for hotel

Investment Overview

2.1 miles from the NASCAR Technical Institute and 2.6 miles from the Mooresville Museum. Off I-77, within walking distance of several fast-food restaurants, this straightforward hotel with exterior corridors is 2.2 miles from J R Motorsports racing track and 10.9 miles from Lake Norman.

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 74-unit, Five-story Holiday Inn Express & Suites located at 130 Norman Station Blvd, Mooresville, NC 28117. This well-appointed hotel was constructed in 2003 and is being offered well below replacement cost with ability to retain the current franchise. Each guest room features a flat-screen TVs, work desks, coffee maker, ironing amenities, and hair dryer. Suites additionally provide separate living areas with pull-out sofas and kitchenettes. Amenities include a complimentary hot breakfast, free parking and an outdoor swimming pool, as well as a business and fitness center.

The Holiday Inn Express format is aimed at travelers who value consistency, customer service, and convenient facilities at a limited service segment price point. The Express format has a major emphasis on operational efficiency, with over 80% of a location's space dedicated to revenue generation. Holiday Inn Express is one of the fastest-growing brands in the entire IHG hotel portfolio.



Exclusively Listed By

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