Days Inn & Suites Mariner


Price:
$6,295,000

Address :
1801 N Virginia Dare Trail
Kill Devil Hills, NC 27948


  •  Site Tours will be held on Wednesday, Oct 17th - Contact Mumford Company to schedule an appointment
  •  Atlantic oceanfront property located in the heart of Kill Devil Hills on North Carolina’s Outer Banks
  •  Consistently solid revenue performance history with upside potential in both Occupancy and ADR in relation to competitive set
  •  Room for improvements in operating margins in relation to industry standards for select service operations
  •  Property is in good condition and requires only cosmetic renovations to address franchisor PIP requirements upon change of ownership
  •  Future possibility of redevelopment for all or part of the property as market conditions warrant
  •  Not Available for Co-Brokerage Until November 9th
    View Map    View Aerial
  •  Located on NC 12 (Virginia Dare Trail) in Kill Devil Hills, NC
  •  Direct Access to the beach on the Atlantic Ocean
  •  Within a half-mile of Wright Brothers National Memorial
  •  Close to Regional Demand Generators:
    •  0.3 Miles to R/C Theaters Movie 10, home to the Halloween International Film Festival
    •  4.6 Miles to Nags Head Woods Ecological Preserve
    •  5.7 Miles to Jockey’s Ridge State Park
    •  12.8 Miles to Pirate’s Cove Marina
    •  15.7 Miles to Roanoke Island Festival Park and Elizabeth II
    •  18.1 Miles to Oregon Inlet Fishing Center
    •  18.4 Miles to Fort Raleigh National Historic Site and Waterside Theatre, home to The Lost Colony musical drama
    •  58 Miles to Cape Hatteras Lighthouse
  •  2 3-Story Buildings, and 2 2-Story Buildings
  •  Exterior Corridors (2 Units Above Office are Interior Corridor)
  •  Wood/Masonry Construction on Concrete Slab
  •  Stucco, Brick, Wood Shingles and Vinyl Lap Siding
  •  Asphalt Composite Shingled Roof
  •  Asphalt Parking Lot (and Gravel Overflow Parking)
  •  Complimentary Breakfast Room (Seats 32)
  •  Guest Laundry
  •  Computer Station in Lobby
  •  Wireless Internet
  •  Oceanfront Gazebo
  •  Seasonal Outdoor Pool
  •  Direct Ocean Access
  •  Built In stages – 1968, 1973, 1977, and 1987
Financials
2015
2016
2017
T-12Mos 8/18
Occupancy
48.56%
49.98%
45.43%
51.08%
Average Daily Rate
$127.19
$134.82
$139.76
$124.70
Room Revenue
$1,668,179
$1,825,143
$1,714,843
$1,736,423
Net Operating Income
$161,671
$282,666
$220,156
$227,674
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!