Biltmore Suites


Price:
$2,150,000

Call for Offers Issued
DEADLINE: Friday April 20th at 3:00 EST

[Currently Under Contract]

Address :
4400 Regency Dr
High Point, NC 27265


  •  All offers should include pricing, inspection and closing times, financial qualifications and previous ownership experience. Preference will be given to offers with nonrefundable deposits. Seller reserves the right to accept an offer prior to CFO date.
  •  Proximate to numerous demand generators within the metro Greensboro market
  •  Ideal size and operating model for owner/operator
  •  Interior corridor design
  •  Unencumbered by franchise. Conversion options available
  •  Year over year increases in ADR
  •  The hotel currently operates as an independent. Several franchise opportunities may be available.
    View Map    View Aerial
  •  Home to near 112,000 people, High Point is situated in the heart of North Carolina’s Piedmont Triad.
  •  Known as “North Carolina’s International City”, High Point is the home of the semi-annual High Point Furniture Market, which attracts up to 100,000 exhibitors and buyers from around the world.
  •  Within 1 mile of Piedmont Centre, the largest office park in High Point, which has 170 firms employing 11,000 people
  •  Close to Regional Demand Generators, Including...
    •  6.5 Miles to High Point University
    •  6.8 Miles to High Point Museum
    •  7.2 Miles to Piedmont Triad International Airport
    •  7.7 Miles to Bernice Bienenstock Furniture Library
    •  8.1 Miles to High Point Theatre and Exhibition Center
  •  58 Rooms
  •  Continental Breakfast Area (Seats 16)
  •  Meeting Space (Seats 30)
  •  Business Center
  •  Exercise Room
  •  Wireless Internet
  •  3 Stories
  •  Interior Corridors
  •  Wood Structure
  •  EIFS Facade
  •  Asphalt-Shingle Roof
  •  Asphalt Parking Lot
  •  Built 1998
Financials
2015
2016
2017
T-12Mos 4/18
Occupancy
38.29%
35.50%
31.85%
29.98%
Average Daily Rate
$64.86
$70.61
$80.24
$82.83
Room Revenue
$525,808
$530,598
$542,465
$525,631
Net Operating Income
$55,862
$51,423
$86,795
$132,858
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!