Microtel Inn Cherokee

  • Pricing Guidance
    $3,250,000
  • Estimated Return
    35.74%
  • Approximate Revenue (2021)
    $1.6MM
  • Approximate NOI (2021
    $425k
  • Year Built
    2003
  • Property Type
    Select Service
  • Acreage
    2.31
  • Available Rooms
    62

Marcus & Millichap is pleased to offer the opportunity to acquire the Microtel Inn & Suites located at 674 Casino Trail in Cherokee, NC. The hotel was built in 2003 and  renovated in 2014. The subject property is a three-story, 62 room interiorcorridor hotel. Common area amenities include an outdoor swimming pool, complimentary  breakfast, free on-siteparking for both personal vehicles and buses. The hotel features a shuttle to local attractions which makes gettingaround easy for guests. Each  unit offers free Wi-Fi, in-room coffee and tea maker, flat screen TV, safe deposit box, deskwith chair, microwave, and mini-fridge. Suites offer extra living space for a  more spacious feel.

Cherokee is home to the Harrah’s Cherokee Casino which is the largest Casino in the state of North Carolina and is 1 Milefrom the Microtel Inn & Suites. Additional  recreational attractions include the Sequoyah National Golf Club, FireMountain Trails, Ocanaluftee Indian Village, and the Museum of the Cherokee Indian. Restaurants  that are less than 1 milefrom the hotel include Taco Bell, Dominos, Pizza Hut, Arby’s, McDonalds, Rancho Viejo Mexican Restaurant, and theWaffle House.

The Cherokee Indian Reservation blends natural beauty, rich Indian culture, and exciting family attractions into an idealvacation destination. With 9 million visitors a  year, the nation’s most popular national park is also one of the largest,offering more than 800 square miles of protected forest almost equally divided between  Tennessee and North Carolina.Encompassing the communities of Murphy, Andrews and Brasstown, scenic Cherokee County offers a wealth of outdoorrecreational  activities, small town charm, and historic sites reflecting the area’s history and cultural heritage.

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Contact Agent

agent

Chase Dewese

Senior Associate - Hospitality Division

201 S. Tryon St.
Suite 1220
Charlotte, NC 28202

704-831-4636

chase.dewese@marcusmillichap.com

contact agent

    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

      Milin Mehta

      Associate - Hospitality Division

      201 S. Tryon St.
      Suite 1220
      Charlotte, NC 28202

      (336) 587-3465

      milin.mehta@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