Super 8


Price:

Call for Offers Issued
Call for offers due by 5:00 PM on May 30th

Address :
735 Outlet Center Dr
Smithfield, NC 27577


  •  Great location on Interstate 95, Exit 95 at Smithfield NC’s premier lodging exit.
  •  Adjacent to the Famous “Carolina Premium Outlets” of Smithfield
  •  80-unit, limited-service, national franchise property
  •  Positive trends in revenue and occupancy
  •  Superior visibility and access near F&B and shopping
  •  2 story interior corridor design with indoor swimming pool
  •  Priced well below replacement cost at $61,250 per unit
  •  Current owner recently completed the Innov8te Property Improvement Plan from Wyndham Hotels.
  •  The hotel is being offered subject to the existing franchise. Super 8 is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Johnston County’s population of 178,396 has grown by 1.7% since 2010.
  •  Smithfield and Johnston County are part of the Raleigh-Durham-Cary Combined Statistical Area, which is home to over 2 million people.
  •  Adjacent to Carolina Premium Outlets
  •  Less than 50 miles from Raleigh-Durham International Airport
  •  Close to Regional Demand Generators, Including...
    •  1.1 Miles to Johnston Community College and the Paul A. Johnston Auditorium
    •  1.6 Miles to Ava Gardner Museum
    •  1.6 Miles to UNC-Health - Johnston Health Hospital
    •  3.2 Miles to American Music Jubilee at Rudy Theatre
    •  16 Miles to Benson Singing Grove, Home to Benson State Singing Convention & Benson Mule Days
    •  17 Miles to Southern National Motorsports Park
    •  21 Miles to GALOT Motorsports Park
  •  80 Rooms
  •  Continental Breakfast Area (Seats 30)
  •  Business Center
  •  Guest Laundry
  •  Indoor, Heated Pool
  •  Wireless Internet
  •  2 Stories
  •  Interior Corridors
  •  Wood Frame Structure
  •  Brick and Vinyl Facade
  •  Pitched Roof with Asphalt Shingles
  •  Asphalt Parking Lot
  •  Built 1998
Financials
2016
2017
T-12Mos 3/18
Occupancy
73.12%
83.21%
84.58%
Average Daily Rate
$65.12
$64.00
$64.39
Room Revenue
$1,390,431
$1,559,239
$1,590,302
Net Operating Income
$581,569
$656,572
$728,517
Operating Statistics, which include ADR, Occupancy and Room Revenue, were taken directly from the subject's data as reported to STR, and do not include sales/occupancy & use taxes
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!