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
    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
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2015
2016
2017
T-12Mos 10/18
Occupancy
48.56%
49.98%
45.43%
51.53%
Average Daily Rate
$127.19
$134.82
$139.76
$122.54
Room Revenue
$1,668,179
$1,825,143
$1,714,843
$1,727,023
Net Operating Income
$161,671
$282,666
$220,156
$222,748
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!