I-85 Econo Lodge Hotel for Sale 1 Hour from Raleigh North Carolina

Henderson, NC (Vance County)

I-85 Econo Lodge Hotel for Sale 1 Hour from Raleigh North Carolina
Contact Seller

Asking Price: $2,000,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

I-85 Econo Lodge Hotel for Sale 1 Hour from Raleigh North Carolina

Save Print Share Valuation Report

Business Description

Beautifully maintained, 51-room, 2-story, Econo Lodge w/ Owner's Suite for sale just 38 min from Durham, and 1 hour from Raleigh in the state of North Carolina.

The Econo Lodge is conveniently located off Interstate 85 (I-85) in Henderson, Vance county, one of the 11 counties in Raleigh-Durham-Chapel Hill ("The Triangle") metropolitan statistical area in the north-central portion of North Carolina. Henderson and Vance County are regional business and retail hubs for half a dozen counties in northern North Carolina and southern Virginia. Sitting at the intersection of US-1 and I-85, the Econo Lodge is less than an hour from the business and cultural attributes of Raleigh-Durham-Chapel Hill ("The Triangle") and a workforce of more than 1 million people within 45 miles.

Property Highlights:
- Upwards revenue trend, net operating income of over $200,000
- 51 rooms with owner's suite offers accommodation, lower maintenance and expenses for owner/operator
- Minimal PIP
- Year Built: 1996; the exterior and interior of the property is in stellar condition and creates a nice first impression on visitors
- New owner can generate additional income by opening swimming pool and offering hot breakfast to hotel guests
- Popular brand among economy/limited service hotels
- Located on I-85, with lesser competition among hotels than on I-95, targeting both local business and interstate travelers
- Strategic central location - an established regional hub halfway between Charlotte and Washington D.C.
- Location, lower costs of doing business, lake assets
- Friendly, hometown city with Southern charm and big-city benefits
- Poised for future development as the Raleigh-Durham-Chapel Hill ("The Triangle") area transforms dramatically with increased jobs and population

The hotel is conveniently located off Interstate 85 within an hour's drive from downtown Durham and downtown Raleigh, near Henderson's Central Business Historic District, Oxford and Kerr Lake State Recreation Area. Close proximity to the Raleigh-Durham International Airport, top tier universities like University of North Carolina at Chapel Hill, Duke University, North Carolina State University, and the Research Triangle Park ("RTP"), nation's most high-tech research and development park, home to more than 300 companies employing more than 65,000 workers makes this is an excellent opportunity for new and seasoned investors in the Triangle area looking for a passive income stream, or owner/operators looking for a small property with upside revenue potential to run themselves.

Serious and qualified buyers only. Please do not call or visit the property without an appointment. Interested parties are encouraged to make a written offer as this property has multiple offers and the owner is motivated to accept the highest and best offer at the earliest.

To schedule your property tour or for more information on this property or other hotels for sale, please send your detailed criteria and proof of funds to Madhur Gupta or visit www.rplusi.com.

Information in this listing has been provided by the seller and reliable third parties, but is not guaranteed and is subject to change without notice. Buyer must independently verify this information for accuracy or completeness.

Detailed Information

Location:
Henderson, NC
Business Website:
http://www.rplusi.com
Contact Seller

Business Location


Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Madhur Gupta

Business Listed By:
Madhur Gupta

Madhur Gupta

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1686721 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Expedia CruiseShipCenters

Franchise Opportunity In NC
Cash Required: $100,000