Courtyard by Marriott Statesville Mooresville Lake Norman, NC

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third-party managed 94-room Courtyard by Marriott Statesville Mooresville Lake Norman, NC.
• Part of a larger institutional portfolio being auctioned in the August 14th event with Ten-X, including the adjacent 80-room Hampton Inn.
• Unencumbered by third-party management with an opportunity to retain the Courtyard brand through a long-term relicense agreement with Marriott.
• Opportunity to purchase a well-maintained asset at a steep discount to replacement cost.
• Proximate to the Interstate-40 / Interstate – 77 interchange which sees more than 120,000 vehicles pass the location daily.
• Proximate to the major healthcare providers in the area, including Iredell Memorial Hospital, Davis Regional Medical Center, and Piedmont Healthcare
• Opportunity for substantial operational upside through transitioning away from institutional ownership and third-party management to a hands-on management approach
• The adjacent empty plot is included in the sale of this property. Potential opportunities include a restaurant and other retail establishments
• The property is close to all local leisure demand generators which include Statesville Civic Center, Fort Dobbs Historic Site, Southern Distilling Company, Lake Norman, Statesville Park and Soccer Complex, Statesville Country Club, Twin Oaks Golf Course, and Lakewood Golf Club
• The property is located near all regional education demand generators which include Lenoir-Rhyne, Wingate, Appalachian State, Gardner-Webb, Belmont Abbey, Winthrop, Davidson, UNC-Charlotte, and Queens University
• The primary airports in the area are easily accessible from the property, including Charlotte Douglas International Airport, Piedmont Triad International Airport, and City of Statesville Regional Airport
• Ideally located in the Charlotte MSA, home to approximately 3 million residents and the third-fastest growing metro in the nation