651 N Winstead Ave - Hospitality FOR SALE
Rocky Mount, NC 27804 |
$15,000,000 USD
661-978-3109
651 N Winstead Ave
Rocky Mount, NC 27804
HIGHLIGHTS
- Opportunity to acquire the asset at a discount to T-12 revenue, supported by strong historical performance averaging ~$4.7M–$4.9M annually
- The Hotel offered with a 10-15 year license upon completion the PIP.
- Motivated seller, offered unencumbered by management
- Home to major employers including Cummins, Pfizer, and regional logistics and manufacturing operations
OVERVIEW
?? Now Offering | DoubleTree by Hilton – Rocky Mount, North Carolina
Pleased to bring to market this 166-room, full-service DoubleTree by Hilton strategically in Rocky Mount, NC, directly across from Nash UNC Health Care and just off US-64 and I-95 — the primary New York-to-Florida corridor.
This asset offers scale, brand recognition, and immediate upside, with a clear path to value creation through completion of the remaining guestroom PIP.
FOR SALE DETAILS
PRICE
$15,000,000 USD
PRICE/SF
$127 USD /SF
# OF ROOMS
166
PRICE/ROOM
$90,361 {currency}
CAP RATE
10.19%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DoubleTree by Hilton Hotel Rocky Mount
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1986
PARKING SPACES
223
LAND DETAILS
LAND ACRES
5.54 AC
LAND SF
241,322 SF
ZONING
I
APN/PARCEL ID
3841-17-11-0119
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661-978-3109
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661-978-3109
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