Ahoskie Inn Bar & Grill (Conversion Opportunity)

  • Pricing Guidance
    $3,750,000
  • Room Count
    98
  • Approximate Revenue (2021)
    $1.1MM
  • Approximate NOI (2021
    $385k
  • Year Built
    1983
  • Property Type
    Full Service
  • Acreage
    7.15
  • Construction Type
    Brick and Masonry

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 98-unit, two story Ahoskie Inn (Conversion Opportunity), located in Ahoskie, North Carolina. The Ahoskie Inn offers a great opportunity for a new investor to improve sales and marketing with the completion of property improvement plan and rebranding. The subject property is presented with a franchise agreement with Choice Hotels for the Quality Inn conversion. Common area amenities at the hotel include a restaurant with a full bar and lounge, guest-laundry facilities, convenience store and a 24-hour front desk. Guests can enjoy complimentary breakfast and on-site parking throughout their stay. The property features a large banquet room, fully equipped to host business meetings and special events with catering from the on-site restaurant. Each guest room is equipped with free Wi-Fi, flat screen TV, microwave, refrigerator, in-room coffee maker, ironing equipment, seating area, and hairdryer.

The Ahoskie Inn is located in northeastern, North Carolina with close-proximity to all demand generators, including the Murfeesboro historic district, the Chowan River, and some of North Carolina’s best hunting grounds. The area is predominantly known for its outdoors spaces and attractions including merchants Millpond State Park, Cashie Wetlands Walk, Cashie River Boardwalk, and the Sylvan Height Bird Park. The subject property features one the largest banquet facilities in northeastern North Carolina for hosting meetings, conventions, and special events. There are two colleges nearby, Roanoke Chowan Community College, 2 miles away, and Chowan University, 11 miles away. Vidant Roanoke-Chowan Hospital, 3 miles away, is a 148-bed hospital apart of the University Health Systems of Eastern Carolina.

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Contact Agent

agent

Jack Davis

First Vice President - Hospitality Division

151 Meeting Street
Suite 450
Charleston, SC 29401

843-952-2253

jack.davis@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Eric Webster

    Associate - Hospitality Division

    151 Meeting Street
    Suite 450
    Charleston, SC 29401

    (843) 952-2271

    eric.webster@marcusmillichap.com

    contact agent

      Contact Agent

      agent

      Joce Messinger

      First Vice President - Hospitality Division

      151 Meeting Street
      Suite 450
      Charleston, SC 29401

      843-952-2255

      joce.messinger@marcusmillichap.com

      contact agent