SpringHill Suites Pinehurst, NC

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Omari Head
T | 410.406.7259
ohead@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 107-room institutionally owned and third-party managed SpringHill Suites Pinehurst Southern Pines, NC
  • Upscale, premium-branded Marriott asset offered unencumbered by management or debt at a discount to replacement cost
  • Ability to retain the Marriott flag for a new long-term license upon completion of the change of ownership PIP
  • Strong operational upside in transitioning away from institutional ownership and a national third-party operator to an investor with strong operating economies of scale
  • Opportunity to better position the asset amongst the competitive set upon completion of the PIP
  • Trailing-12 property performance is at 98% of its 2019 highs and offers buyers immediate walk-in yield
  • Pinehurst is known as the Home of American Golf and will host the U.S. Open in 2024, 2029, 2035, 2041, and 2047
  • Proximate to more than a dozen world-renowned golf courses including the legendary Pinehurst No. 2 and more than 40 golf courses in the immediate area surrounding Pinehurst
  • More than one million golfers travel through the Pinehurst area annually
  • Convenient access to all regional demand including FirstHealth Moore Regional Hospital, Twin Fields Farms, Pinecrest Plaza, Moore County Airport, Pope Field and Fort Bragg
  • Ideal time to be investing in Pinehurst with the U.S. Golf Association moving forward with plans to bring a second HQ to Pinehurst that will be completed in December 2023
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