Extended Stay America Winston-Salem Hanes Mall Blvd, NC

Listing Agents

Mike Schlictman
T | 803.920.4173

Charles Germscheid OBX Life Realty NC 239741

Detailed Information
Property Highlights


  • Fee-simple interest in the corporate owned and managed 111-room Extended Stay America (ESA) Winston-Salem Hanes Mall Blvd
  • Available for individual sale, part of a South / Southeast ‘Sun-Belt’ 17-property portfolio available in the auction events ending on March 15th-16th
  • Ability to purchase any combination of the 17-assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale
  • Strong in-place performance with trailing-24-month year-over-year average ADR gains of +12% and average trailing-24-month occupancy of nearly 86%
  • Offered unencumbered of brand, debt, and management – with a variety of alternative brand options available for conversion
  • Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval
  • Situated adjacent to Hanes Mall – the largest shopping center in the region covering +1.6MM SF with over 200 stores serving 25 counties in North Carolina and Virginia
  • Ideally located within the Winston-Salem MSA, proximate to all regional demand including Wake Forest University, Wake Forest Baptist Medical Center, Winston-Salem State University, University of North Carolina School of the Arts, Krispy Kreme Corporate HQ, Hanesbrands Corporate HQ, Reynolds American Corporate HQ, and Downtown Winston-Salem
  • Property is readily accessible via Interstate 40 & State Road 158 interchange with upwards of 160,000 vehicles passing the location daily
  • Rare opportunity to purchase corporate owned ESA assets amidst their first public marketing of properties since the +$6B portfolio acquisition in June 2021
  • Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
  • Extended stay economy product has vastly outperformed all other lodging sectors with particularly robust growth amidst the COVID recovery
  • High margin business model is ideally well positioned for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering
  • Optimal time to invest in the Winston-Salem area with the $450MM Atrium Health Wake Forest Baptist patient care tower slated for completion in 2026 and Atrium Health’s ongoing commitment to fund $3.4BB for Wake Forest Baptist facilities by 2030
  • North Carolina has been a primary benefactor of migration trends with business leaders seeking pro-business / lesser tax burdened markets and residents attracted to the sunbelt quality of life
  • North Carolina has gained ~133,000 new residents over the past year – making it the third fastest growing state, trailing only Florida and Texas

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