Quality Inn & Suites


Price:
$3,500,000

[Currently Under Contract]

Address :
400 West Broad Avenue
Rockingham, NC 28379


  •  Excellent location along US Highways 74 and 220
  •  Year over year increases in occupancy and ADR
  •  Ideal size and operating model for first time buyer and owner/operator
  •  Nationally recognized franchise affiliation
  •  SBA financing candidate
  •  Owner completed significant renovations in 2015
  •  The hotel is being offered subject to the existing franchise. Choice Hotels is expected to grant a standard Quality Inn & Suites license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Rockingham is the county seat of Richmond County, which had 2016 population estimates of 9,080 and 44,939, respectively (US Census Bureau)
  •  Duke Energy has selected a 99-acre parcel near the Town of Hamlet for its “2014 Site Readiness” program. This proposed industrial park is near the Richmond County Airport on NC Route 177. It also has access to rail, natural gas, sewer, and electricity.
  •  Close to Regional Demand Generators, Including...
    •  6.3 Miles to National Railroad Museum & Hall of Fame
    •  6.4 Miles to Hamlet Historic Depot and Museum
    •  10 Miles to Rockingham Dragway
    •  10 Miles to Rankin Museum of American Heritage
  •  50 Rooms
  •  Continental Breakfast Area (Seats 14)
  •  Business Center
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  2 Stories
  •  Exterior Corridors
  •  Concrete Structure
  •  Stucco and Brick Facade
  •  Asphalt Shingle Roof
  •  Asphalt Parking Lot
  •  Built 1997
Financials
2016
2017
T-12Mos 4/18
Occupancy
75.66%
82.18%
83.78%
Average Daily Rate
$76.30
$79.16
$81.65
Room Revenue
$1,053,519
$1,190,524
$1,248,370
Net Operating Income
$368,249
$384,222
N/A
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!