Sheraton Hotel


[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
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  •  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
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T-12Mos 3/19
Average Daily Rate
Room Revenue
Net Operating Income
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!