1511 N Howe St - Hospitality FOR SALE


Southport, NC 28461
$8,649,999 USD
919-455-5949
1511 N Howe St, Southport, NC for Sale
$8,649,999 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1511 N Howe St
Southport, NC 28461


HIGHLIGHTS

  • Renovated in 2020 with a Property Refresh Completed in 2022
  • Wingate by Wyndham Offers Immediate Operational Stability with Optionality for Rebranding to Marriott, Hilton, or IHG Select-Service Flags
  • Strategically Located Along North Howe Street (NC-211), a Major Commercial Corridor in Southport with Strong Year-Round Visibility
  • Situated Near Key Demand Generators Including Southport-Fort Fisher Ferry Terminal, Dosher Memorial Hospital, and Brunswick Community College
  • Coastal Location Just Minutes from Oak Island, Bald Head Island Ferry Terminal, and the Historic Downtown Southport Waterfront
  • Strong Tourism-Driven Market with Seasonal Demand Bolstered by Local Events Such as the North Carolina 4th of July Festival and Year-Round Beach Trave

OVERVIEW

Prime Source Properties is pleased to offer for sale the fee simple interest in the 84-room Wingate by Wyndham located in Southport, North Carolina. The property is a four-story, limited-service hotel positioned along North Howe Street (NC-211), a key commercial corridor providing direct access to Oak Island, Downtown Southport, and other major regional demand drivers. The hotel benefits from convenient proximity to the Southport-Fort Fisher Ferry Terminal, Dosher Memorial Hospital, and Brunswick Community College—three of the market’s primary sources of consistent year-round demand. The asset is further supported by strong visibility, ample parking, and access to the area’s robust leisure and healthcare-driven travel base. With its location just minutes from beaches, historic waterfront attractions, and ferry routes, the hotel attracts a diverse mix of transient leisure travelers, medical visitors, and extended-stay guests. Currently operating under the Wingate by Wyndham brand, the property presents investors with flexibility to continue under the existing flag or pursue a strategic rebrand to a higher-tier select service franchise within the Marriott, Hilton, or IHG families. The hotel was renovated in 2020/2021 with a subsequent refresh in 2024/2025 and is offered unencumbered by management, enabling operational upside and immediate value creation through repositioning or improved revenue management. The Wingate by Wyndham Southport represents a rare opportunity to acquire a well-maintained, 84-room asset in a high-growth coastal market with strong fundamentals and brand conversion potential. Other brand available to convert such as Spark, City Studio, Garner, ALoft, HIEXP and many more. Very limited PIP to keep as a Wingate Brand to maximize the return on the investment. Contact Akshat Patel at yourprimesource@aol.com to learn more about the Property and to get access to the offering memorandum.

FOR SALE DETAILS

PRICE

$8,649,999 USD

PRICE/SF

$152 USD /SF

# OF ROOMS

84

PRICE/ROOM

$102,976 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate by Wyndham Southport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

HC

APN/PARCEL ID

221MA03303

ASK ABOUT THIS PROPERTY

Akshat PatelPrime Source PropertiesMore Info
919-455-5949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Akshat PatelPrime Source PropertiesMore Info
919-455-5949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.