365 Airport Rd - Hospitality FOR SALE
New Castle, DE 19720 |
365 Airport Rd
New Castle, DE 19720
HIGHLIGHTS
- Best-in-class newly renovated hotel, completing $6.4 million of upgrades in May of 2020.
- Offered unencumbered of management, presenting investors the opportunity to implement more aggressive revenue and expense strategies.
- Opportunity to acquire a non-union asset at a substantial discount to replacement cost, given significant construction costs and financing.
- The most desirable and well-maintained hotel in the Greater Wilmington market with notable demand generators nearby.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
STATUS
Demolished
BUILDING DETAILS
PROPERTY NAME
Sheraton Hotel Wilmington South
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
192275
STORIES
6
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2000
PARKING SPACES
335
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CR
APN/PARCEL ID
10-013.00-001
