Hampton Inn Statesville, NC

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third party managed 80-room Hampton Inn Statesville, North Carolina
• Part of a larger institutional portfolio being auctioned in the August 14th event with Ten-X, including the adjacent 94-room Courtyard
• Unencumbered by third-party management with an opportunity to retain the Hampton brand through a long-term relicense agreement with Hilton
• Opportunity to purchase a well-maintained asset at a steep discount to replacement cost
• Delivering exceptional in-place performance with May 2024 T12 RevPAR exceeding $100
• Proximate to the Interstate-40 / Interstate – 77 interchange which sees more than 120,000 vehicles pass the location daily
• Proximate to 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 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