Salisbury, NC Flexible Portfolio_Property for Sale

Salisbury, NC, US, Americas

Salisbury, NC Flexible Portfolio

Portfolio 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 90-room Holiday Inn Express & Suites Salisbury, and the 94-key Courtyard Salisbury (combined the “Hotels”, “Properties”, or “Portfolio”). Located ideally off I-85 and Highway 52, the main thoroughfare between Charlotte and Greensboro/Winston-Salem, the Hotels enjoys excellent visibility and Interstate frontage. Offered unencumbered of debt and management, A new owner/operator has the capability to revamp operational strategies of the Hotels, implement strategic cost control initiatives and employ more aggressive revenue management strategies to further increase both top and bottom-line performance, as well as overall returns for their investors at an attractive discount to replacement cost. The Hotels can be acquired as a portfolio, or individually.

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Attributes

Zoning

Opportunity Zone

Tenure

Freehold

Number of floors

Keys

184

Salisbury, NC Flexible Portfolio (2 Properties)

Media

Investment Highlights

Flexible Portfolio Offering – The offering presents a new owner the opportunity to acquire as a portfolio, or individually.
Premium Branding Affiliation – The Hotels benefit from Marriott and IHG affiliations, two of the largest reservation systems and guest loyalty programs in the world.
Unencumbered of Management and Debt – The Hotels are offered unencumbered of management and debt, presenting a new owner with managerial flexibility to implement their own cost savings initiatives and revenue management strategies.
Exceptional Location and Visibility – The adjacent Hotels are located along I-85, nestled halfway between Charlotte and Winston-Salem. The Hotels enjoy excellent Interstate frontage and visibility.