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

Best Western Plus Goldsboro

Attributes

Number of units

120

Year built

1988

Description

JLL is pleased to present the exclusive opportunity to acquire the 120-key Best Western Plus located in Goldsboro, North Carolina (the “Hotel” or “Property”). Strategically positioned with excellent visibility and direct access from U.S. Route 13, the Hotel is ideally situated to capture a diverse mix of transient demand. The Property benefits from its close proximity to the region's most stable and significant demand generators, including Seymour Johnson Air Force Base and the expansive Wayne UNC Health Care campus, both located less than seven miles away. This prime location offers unparalleled convenience to Goldsboro’s primary corporate, leisure, and medical hubs, establishing the Hotel as a premier lodging choice for a wide array of travelers visiting the area.

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Investment Highlights

Excellent Location: The Hotel occupies a strategic location, just 2.5 miles south of UNC Health Wayne, a 316-bed Level II trauma center, and 3 miles north of Seymour Johnson Air Force Base. Goldsboro's vibrant downtown area, rich with leisure amenities, including an arts trail, bars, breweries, and diverse dining options, is 3.5 miles west of the Property.
Unencumbered of Management: The Hotel will be offered unencumbered of management, allowing a new owner maximum flexibility and the opportunity to capitalize on operational inefficiencies while driving the top line with a targeted sales approach.
Discount to Replacement Cost: As construction costs continue to rise with recent hikes in material and labor prices, the Property represents an exceptional opportunity to acquire a Hotel in the Southeast at well-below replacement cost.
Robust and Stable Demand Drivers: Goldsboro boasts a diverse array of stable demand generators, anchored by two major institutions: Wayne UNC Health Care and Seymour Johnson Air Force Base.