Holiday Inn Express & Suites


Price:
$4,900,000

Address :
130 Holiday Drive
Murphy, NC 28906


  •  Three-story, interior-corridor Holiday Inn Express Inn & Suites branded hotel
  •  Upgraded facility with numerous investments made by ownership over the past two years
  •  Guest amenities include an indoor pool, conference room, fitness center and large breakfast room
  •  Absentee ownership
  •  Excellent Visibility from Highway 74 (average daily traffic count of 21,000 cars in 2019). Highway 74 is a transportation route that connects Interstate 75 (at Cleveland, TN-Chattanooga region) to Interstate 40 (at Asheville, NC)
  •  High elevation lot offers mountain views and long range visibility to traffic passing on Highway 74. However, current guest are insulated from the noise generated by the highway.
  •  Growing demand base that attracts guest from nearby Harrah’s Casino, National Forest, Mountain Recreation area and two major whitewater rafting rivers
    View Map    View Aerial
  •  Murphy serves as the economic and cultural center for a tri-county region in Western North Carolina
  •  Nearby whitewater recreation opportunities on the Ocoee and Nantahala Rivers
  •  Murphy is the recreational gateway to Lake Hiawassee and the Nantahala and Cherokee National Forests
  •  Within a short drive of the Great Smoky National Park, which draws 9 million visitors annually
  •  Convenient of Ocoee River and Nantahala River Whitewater Rafting Courses
  •  Close to Regional Demand Generators:
    •  5.5 Miles to Harrah’s Cherokee Valley River Casino & Hotel
    •  5.8 Miles to Erlanger Western Carolina Hospital
    •  6 Miles to Tri-County Community College
    •  7.5 Miles to John C. Campbell Folk School
  •  3 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  EIFS & Brick Facade
  •  Pitched, Asphalt-Shingled Roof
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room
  •  Meeting Space (600 Square Feet)
  •  Convenience Market
  •  Guest Laundry
  •  Business Center
  •  Fitness Center
  •  Indoor Pool
  •  Wireless Internet
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
2018
2019
2020
T-12Mos 8/21
Occupancy
69.73%
68.14%
55.78%
67.97%
Average Daily Rate
$108.53
$112.25
$108.87
$114.32
RevPar
$75.68
$76.49
$60.73
$77.70
Room Revenue
$1,408,764
$1,423,773
$1,133,528
$1,446,352
Net Operating Income
$461,697
$435,025
$386,040
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!