Marcus & Millichap is pleased to offer for sale a fee simple interest in the 60-unit, Quality Inn Raleigh Near Walnut CreekAmphitheatre, located in Raleigh, North Carolina. The subject property was built in 1996 and is situated two miles offInterstate-440 in a highly developed area with many restaurants and retail store fronts nearby. Common area amenitiesinclude complimentary breakfast, ﬁtness center, business center, and meeting room. The property offers free on-site parking for guests with availability for bus and large truck parking as well. Each guest room comes equipped with freeWi-Fi, ﬂat-screen HDTV, complimentary weekday newspaper, in-room coffee & tea maker, microwave, minifridge, iron & ironing board, and hairdryer. Guests can rent movies through their in-room TVs as well as enjoy the free movies providedwith their stay.
The Quality Inn is located about 5 miles outside of downtown Raleigh, with close proximity to all demand generators.Raleigh is one of the fastest-growing regions in the entire country and is the second biggest city in the state. The city haslong been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded asthe number one place for business and career by Forbes. In 2018, Raleigh was named the # 1 U.S city for jobs boasting thebest overall combination of job openings (24,146), population (1.2 Million), and a median base salary ($50,950). Somecompanies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First CitizensBancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. A major demand generator for the area is North Carolina State University, located 8 miles from the hotel, which is ranked the number 1 North CarolinaPublic University and has an enrollment of over 23,500 students. For easy traveling to the area, the Raleigh-DurhamInternational Airport is located just over 20 miles from the hotel.