101 Plaza Pky - Hospitality FOR SALE
Lexington, NC 27292 |
101 Plaza Pky
Lexington, NC 27292
HIGHLIGHTS
- Fee Simple Interest in the 1997 built,61-Key, Limited-Service, Interior Corridor, Three-Story Hotel
- Located on 1.45-acre parcel, with frontage on Interstate-85
- Conveniently located 26 minutes (21.3 miles) from Winston Salem & 36 minutes (35.5 miles) from Greensboro
- Recent renovated in 2023 | Ownership invested +/- $350K in new flooring, lobby, kitchen, platform beds, mattresses, rubber roof
- Expected to Trade with a New 20-Year Franchise Agreement with Quality Inn & Suites, Subject to a Minimal Property Improvement Plan
- ADR Penetration Index of 81.9% (2023) | Upside for Owner-Operator who can enact aggressive Sales & Rate Management Strategy
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Quality Inn & Suites Lexington
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
31171
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1998
PARKING SPACES
72
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
B
APN/PARCEL ID
11-347-0-000-0047-A-0-0
