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Super 8 by Wyndham Morganton 2402 S Sterling St 111 Room Hotel Morganton, NC 28655 $5,500,000 ($49,550/Room) 14.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated Asset – $1.8M in recent renovations including new roof, utilities, lobby, breakfast lounge, fitness center, upgraded guestroom and exterior.
- Owner-Operator Advantage – 111 guestrooms plus manager’s apartment; well suited for hands-on ownership and operational control
- Directly off I-40 with easy access to Charlotte (~75 miles) and Asheville (~57 miles), capturing consistent business and leisure traffic.
- Streamlined Operations – Conversion from dual-brand Baymont/Super 8 to full Super 8 has improved revenue performance and operational efficiency.
- Proximity to Lake James, Linville Gorge, Silver Fork Winery, and the Fonta Flora State Trail supports consistent year-round leisure demand.
- The property is within a six-minute drive of UNC Health Blue Ridge, Broughton Hospital, and the Western Piedmont Community College main campus.
EXECUTIVE SUMMARY
Connolly Investments, in partnership with ParaSell Inc., as the exclusive representative of ownership, is pleased to present to qualified investors the opportunity to acquire a stabilized and recently renovated Super 8 by Wyndham located directly off Interstate 40 in Morganton, NC. The offering includes the fee-simple real estate and operations of this 111-key property, which is unencumbered by debt or management agreements.
All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.
In Association with ParaSell, Inc. | A Licensed North Carolina Broker #C32060
All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.
In Association with ParaSell, Inc. | A Licensed North Carolina Broker #C32060
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
PROPERTY FACTS
| Price | $5,500,000 | Lot Size | 3.56 AC |
| Price Per Room | $49,550 | Building Size | 42,604 SF |
| Sale Type | Investment | No. Rooms | 111 |
| Cap Rate | 14.73% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1978/2020 |
| Property Type | Hospitality | Parking Ratio | 2.21/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $5,500,000 |
| Price Per Room | $49,550 |
| Sale Type | Investment |
| Cap Rate | 14.73% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.56 AC |
| Building Size | 42,604 SF |
| No. Rooms | 111 |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2020 |
| Parking Ratio | 2.21/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 111 | $81.00 | - |
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PROPERTY TAXES
| Parcel Number | 16596 | Improvements Assessment | $2,067,010 |
| Land Assessment | $464,000 | Total Assessment | $2,531,010 |
PROPERTY TAXES
Parcel Number
16596
Land Assessment
$464,000
Improvements Assessment
$2,067,010
Total Assessment
$2,531,010
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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Super 8 by Wyndham Morganton | 2402 S Sterling St
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