Marcus & Millichap is pleased to offer for sale a fee-simple interest in the three-story, 103-key Days Inn by Wyndham located in Raleigh, North Carolina. This well-appointed hotel was constructed in 1972 and is being offered well below replacement costs with the ability to retain the current franchise. The well-appointed guest rooms provide complimentary Wi-Fi with cable LED TV’s, minifridges, microwaves, hair dryers, ironing boards and coffeemakers. A spacious work desk and a seating area are provided in all rooms to compliment the simple updated décor. Other complimentary amenities include continental breakfast, a seasonal outdoor swimming pool, sun deck, and parking. Located just off Interstate 40, this Raleigh hotel offers extreme proximity to all major demand generators including airports, entertainment, malls, and universities/ corporations. North Carolina State University is just 5.4 miles away and the 24-hour Waffle & Pancake House restaurant is adjacent to the Raleigh South Days Inn. Marbles Kids Museum and the 401 Par Golf Course are a short drive away from the hotel.
One of the fastest-growing regions in the entire country, Raleigh is North Carolina’s second biggest city and the state capital. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. In 2018, Raleigh was named the # 1 U.S city for jobs boasting the best overall combination of job openings (24,146), population (1.2 Million), and a median base salary ($50,950). The Duke Energy Center for the Performing Arts in Downtown Raleigh features three theater venues and serves as the home for the North Carolina Symphony and the Carolina Ballet. Raleigh is home to North Carolina State University Wolfpack, a highly regarded engineering university which is also known as the top return on student investment among North Carolina’s public universities. The unemployment rate in Raleigh is well below the national average and job growth well above the national average.
Raleigh’s industrial base includes financial services, electrical, medical, electronic and telecommunications equipment, clothing and apparel, food processing, paper products, and pharmaceuticals. Raleigh is part of North Carolina’s Research Triangle, one of the country’s largest and most successful research parks, and a major center in the United States for high-tech and biotech research, as well as advanced textile development. The city is a major retail shipping point for eastern North Carolina and a wholesale distributing point for the grocery industry. Companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu.