Rodeway Inn Winston Salem

  • Pricing Guidance
    $3,650,000
  • Room Count
    88 (102 Available)
  • Year Built
    1975
  • Acreage
    2.03

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 88-unit, Rodeway Conversion Winston Salem Route 52 located in North  Carolina. This well-appointed hotel was constructed in 1975 and is being offered well below replacement costs with the ability to retain the  current franchise or convert it to either Red Red Roof or Motel 6. The subject property has anadditional 14 units that are currently being  occupied by the seller’s personal use available, bringing the total key count to 102 usable units. The well-appointed guest rooms provide  complimentary Wi-Fi and HDTVs, plus minifridges, microwaves, hair dryers, ironing boards and coffeemakers. Free amenities include laundry  facilities, large seasonal outdoor swimming pool, and parking. Located just off Route 52, the hotel is 3 miles from Wake Forest University, one of  the 4 major colleges located in the region.

Conveniently located close to several neighboring cities such as Greensboro and Charlotte, the hotel is near plenty of attractions including Wake  Forest University, Winston-Salem State University, Salem College, Hanes Mall, and the Bowman GrayStadium. Winston-Salem is the county seat  of Forsyth County, North Carolina. With a 2020 estimated population of 247,945 it is the second largest municipality in the Piedmont Triad  region, the fifth most populous city in North Carolina, the third largest urban area in North Carolina, and the eighty-ninth most populous city in  the United States. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company (makers of  Texas Pete), Wells Fargo, Bank and Lowes Foods have established headquarters in Winston-Salem. Winston-Salem has seen a surge in growth  and revitalization in thedowntown area with hotels, restaurants, and apartments under construction.

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agent

Milin Mehta

Associate - Hospitality Division

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

(336) 587-3465

milin.mehta@marcusmillichap.com

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    agent

    Chase Dewese

    Senior Associate - Hospitality Division

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

    704-831-4636

    chase.dewese@marcusmillichap.com

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      agent

      Jack Davis

      First Vice President - Hospitality Division

      151 Meeting Street
      Suite 450
      Charleston, SC 29401

      843-952-2253

      jack.davis@marcusmillichap.com

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        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