
Holiday Inn Express & Suites Cherokee/Casino by IHG
376 Paint Town Road, Cherokee, NC, 28719, US
94 단위
JLL is pleased to present the exclusive opportunity to acquire the 109-key, institutionally-owned, Courtyard by Marriott Raleigh North located within the population booming Raleigh-Durham, North Carolina market (the "Hotel" or "Property").
Strategically positioned just off Capital Boulevard in the vibrant city of Raleigh, the Hotel is ideally situated to capture a diverse mix of transient demand from business and leisure travelers. The Property benefits from its close proximity and excellent accessibility to a variety of diversified demand drivers including premier shopping at Triangle Town Center, a bustling downtown in Raleigh, upscale areas like North Hills, and entertainment and business venues like Lenovo Center, Atlantic Union Bank Convention Center, Red Hat Amphitheater and Coastal Credit Union Music park at Walnut Creek. Additionally, Raleigh Durham is home to a variety of prestigious universities driving demand throughout the market including North Carolina State University (Raleigh), Duke University (Durham), and University of North Carolina (Chapel Hill) as well as several other major 4-year colleges ranking the Triangle area among the 10 most educated in the country according to a WalletHub study completed in 2026. The Hotel, which is scheduled to completed its renovation in Q1 2027, features modern amenities, including spacious guest rooms, versatile meeting spaces, a fitness center, Courtyard's standard The Bistro Food & Beverage design, and a welcoming courtyard for relaxation, establishing the Property as a premier lodging choice for a wide array of travelers visiting the area.
This offering represents an excellent opportunity to acquire a fully renovated Courtyard by Marriott hotel with in-place cash flow and impressive positioning at the top of its competitive set with additional renovation and operational upside. The Hotel, which is being offered at a significant discount to replacement cost, is being presented unencumbered of management and debt.


