Former Red Lion Hotel High Point, NC – Land Sale

Listing Agents

Lora Simpson
T | 515.729.4516
lsimpson@paramountlodging.com

Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com

Detailed Information
Property Highlights
  • Leased Fee Interest in the 1.5-acre land parcel under the former Red Lion High Point, NC
  • The Property is being sold through a court-directed bankruptcy sale
  • Improvements on the property include the 252-room, eight-story, concrete constructed former Red Lion Hotel
  • The Property is subject to an initial 99-year term ground lease agreement with the owner of the hotel leasehold interest
  • In-place yield with lessor entitled to rent payments subject to annual 3.0% escalations
  • Property is within walking distance of the International Furniture Center and several other High Point Market venues
  • Situated less than one mile from High Point Medical Center, High Point University, and Truist Point Stadium
  • Readily accessible to all Piedmont Triad regional attractions including the University of North Carolina Greensboro, Wake Forest University in Winston-Salem, and the Piedmont Triad International Airport
Location