Sheraton Hotel


Price:
$12,350,000

[Currently Under Contract]

Address :
One Europa Dr
Chapel Hill, NC 27517


  •  Significant potential for increases in revenues and profitability after brand-mandated renovations
  •  Priced well below replacement cost in a highly desirable university and medical market
  •  Affiliation with the Marriott family of brands and possibility of re-branding within the Marriott family of brands
  •  Conveniently located to both the Universities, Hospitals, and other demand generators
  •  This property will not be available for co-brokerage until February 15, 2019
    View Map    View Aerial
  •  Chapel Hill, together with Durham and Raleigh, is part of North Carolina’s Triangle region, which is home to over 1.74 million people.
  •  The Sheraton is 12 miles from Research Triangle Park, the largest research park in the United States.
  •  University of North Carolina – Chapel Hill enriches the community in culture, sports, and education.
  •  Close to Regional Demand Generators:
    •  3.2 Miles to University of North Carolina at Chapel Hill
    •  3 Miles to Franklin Street & Downtown Chapel Hill
    •  6.5 Miles to Duke University
    •  7 Miles to Streets at Southpoint Shopping Mall
    •  7.8 Miles to Downtown Durham
  •  4 Stories
  •  Concrete Construction
  •  Interior Corridors
  •  Stucco Facade
  •  Rubber Membrane Roof
  •  Asphalt Parking Lot - 300 Spaces
  •  Carolina 1663 Restaurant & Bar (Seats 66)
  •  Club Lounge
  •  Meeting Space (16,000 Square Feet)
  •  Grab N Go Market
  •  Business Center, Wireless Internet
  •  Fitness Center, Outdoor Pool
  •  2 12-Seat Vans
  •  Built 1980
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
T-12Mos 3/19
Occupancy
62.36%
58.43%
59.32%
57.57%
Average Daily Rate
$112.30
$108.91
$102.25
$102.20
Room Revenue
$4,305,847
$3,902,255
$3,719,512
$3,607,844
Net Operating Income
$1,102,576
$475,691
$186,228
$101,832
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!