Tru/Hotel Lela, Tapestry Collection Wilmington - Dual-Branded Hotel

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 204-room dual-branded Tru Hotel & Hotel Lela Wilmington, Tapestry Collection Wilmington (the “dual-brand”, “Hotel” or “Property”). Delivered in 2024, the Tru one of the newest Hotels in the market. Additionally, the Hotel Lela was recently renovated and re-branded into the Tapestry Collection by Hilton which completed earlier this year. Located with excellent visibility and frontage along Highway 17, and west of Highway 117, the Hotel is in a convenient location. The Hotel is within proximity to major demand generators around Wilmington such as the Wilmington International Airport (5 miles), UNC Wilmington (1.5 miles), Historic Downtown Wilmington (4 miles), and Wrightsville Beach (6 miles).

Offered unencumbered of management, a new owner/operator has the capability to revamp operational strategies of the Hotel, implement strategic cost control initiatives and employ more aggressive revenue management strategies. With the increase in demand for Wilmington, coupled with an increase in construction costs due to tariffs, a new owner is resented with an opportunity to acquire a recently delivered Hotel at a discount to replacement cost in a bustling costal market.