Marcus & Millichap is pleased to offer for sale a fee simple interest in the 95-unit, Springhill Suites Charlotte Airport, located in Charlotte, North Carolina. The subject property was built in 2002 and offers 5 floors of well-maintained rooms. A new investor has the opportunity to renovate the guest rooms and public areas. These capital expenditures will provide outsized rate growth and provide significant ROI. Premium amenities featured at the hotel include an indoor swimming pool and jacuzzi, large fitness center, and meeting room. With such close proximity to the Charlotte Douglas International Airport, the hotel offers an airport shuttle as an added convenience for guests. Other common area amenities include free on-site parking, guest-laundry facilities, convenience store, and complimentary coffee in the lobby. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, microwave, minifridge, in-room coffee & tea maker, and hairdryer.
The SpringHill Suites Charlotte Airport is conveniently located directly off Interstate-85, within 2.5 miles of the Charlotte Douglas International Airport which is ranked in the top 10 busiest airports in the U.S. and second largest hub for American Airlines, with service to 178 domestic and international destinations. The subject property is situated right outside of downtown Charlotte with close proximity to all demand generators. Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center. There are nearly 40 colleges and universities within 25 miles of Charlotte, NC.