Best Western Plus Goldsboro _Property for Sale

909 North Spence Avenue, Goldsboro, NC, 27534, US

Best Western Plus Goldsboro

Asset Description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 120-room Best Western Plus Goldsboro (the “Hotel” or “Property”). Strategically positioned off U.S. Route 13, the Hotel enjoys proximity to key leisure and corporate demand generators in Goldsboro. Only five miles away from the Hotel is Seymour Johnson Airforce base which is home to more than 12,000 people along with the 4^th Fighter Wing and 916^th Air Refueling Wing. Located just one mile south of the Hotel is the Berkeley Mall, the premier shopping destination in Goldsboro, with over 40 stores and several other restaurants. 2.5 miles north of the Best Western Plus is UNC Health Wayne Hospital, a 316-bed, level II trauma center that provides necessary care for much of the surrounding area. Additionally, the Hotel is offered unencumbered of management and at well-below replacement cost, underscoring an exceptional opportunity for a new investor take control of this asset.

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Attributes

Number of units

120

Year built

1988

Media

Investment Highlights

Excellent Location: The Hotel is strategically located near UNC Health Wayne, Seymour Johnson Air Force Base, and Goldsboro's vibrant downtown, offering convenient access to key healthcare, military, and entertainment destinations.
Unencumbered of Management: The Hotel is offered without management constraints, allowing new owners to maximize operational efficiency and implement targeted sales strategies.
Discount to Replacement Cost: The Property presents an opportunity to acquire a Hotel in the Southeast at well-below replacement cost, especially valuable given rising construction costs.
Robust and Stable Demand Drivers: Goldsboro's diverse demand generators, including UNC Health Wayne Hospital and Seymour Johnson Air Force Base, provide a solid foundation for sustained hotel occupancy and create a resilient, year-round market for hospitality services.