Baymont Inn and Suites


Price:
$3,450,000

[Currently Under Contract]

Address :
7095 NC-4, Battleboro
Rocky Mount, NC 27809


  •  82 unit limited service property
  •  Great location on I-95 in Central North Carolina
  •  Easy access to Interstate
  •  Located next to 24-hours Denny’s Restaurant
  •  Solid construction of concrete block and brick
  •  Priced to sell well below replacement cost
  •  Recently renovated including new roof
  •  The hotel is being offered subject to the existing franchise license agreement. Baymont Inn & Suites is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP)
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  •  Rocky Mount is home to 56,325 people. It is part of the Raleigh-Durham-Cary Combined Statistical Area, which is home to more than 2.1 million.
  •  Three major highways – Interstate 95, US Highway 64 (future I-495), and US Highway 301 – serve the region.
  •  Only minutes from industrial firms, such as LS Tractor USA, McLane Carolina, Poppies, and The Cheesecake Factory Bakery
  •  Close to Regional Demand Generators, Including...
    •  4 Miles to North Carolina Wesleyan College
    •  4 Miles to Pfizer, Honeywell, Carolina Eagles (Anheuser Busch Distribution), and Huttig
    •  4 Miles to Belmont Lake Golf Course and Birchwood Country Club
    •  7 Miles to Nash General Hospital
    •  10 Miles to Rocky Mount Sports Complex
    •  10 Miles to Rocky Mount Event Center
    •  10.3 Miles to Imperial Centre for the Arts & Sciences
  •  82 Rooms
  •  Continental Breakfast Area (Seats 30)
  •  Business Center
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  2 Stories
  •  Exterior Corridors
  •  Concrete Construction
  •  Brick Facade
  •  Flat Built Up Roof with Standing Seam Metal Mansard (NEW in 2016)
  •  Asphalt Parking Lot
  •  Built 1988
Financials
2015
2016
2017
T-12Mos 2/18
Occupancy
61.50%
63.17%
48.83%
47.91%
Average Daily Rate
$67.51
$72.97
$66.59
$70.11
Room Revenue
$1,157,917
$1,293,612
$975,757
$944,924
Current owner purchased property on January 21, 2016. Financials prior to that date were acquired from prior owner and cannot be verified. Property converted to a Baymont Inn & Suites in January 2017. 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!