700 N King St - Hospitality FOR SALE
Wilmington, DE 19801 |
700 N King St
Wilmington, DE 19801
HIGHLIGHTS
- Renovated in 2016 this is an opportunity to acquire a premium-branded, full-service hotel at a significant discount to replacement cost.
- The DoubleTree offers nearly 25,000 square feet of top-tier event space, a significant advantage and differentiator among its competitive set.
- Offered unencumbered by management, the Hotel presents substantial potential for a new owner to improve their operational efficiency and market share.
- Downtown Wilmington is adjacent to the Leonard L. Williams Justice Center (the primary demand driver for Wilmington’s CBD).
- The only branded hotel within a 10-minute walk to the Amtrak train station.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
DoubleTree by Hilton Hotel Downtown
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
183349
STORIES
9
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1979
PARKING SPACES
18
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
26C-4
APN/PARCEL ID
26-035.40-158.T-0001,26-035.40-161.T-0001
