Quality Inn Raleigh

  • Pricing Guidance
    $4,650,000
  • Estimated Return
    32%
  • Approximate Revenue (2021)
    $1.2MM
  • Approximate NOI (2021
    $500k
  • Year Built
    1996
  • Property Type
    Select Service
  • Acreage
    1.32
  • Room Count
    60

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.

Click Here to Access Offering Memorandum

Click Here

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