3810 N Patterson Ave
Winston-Salem, NC 27105
Rodeway Inn Winston Salem Route 52 · Hospitality Property For Sale · 38,728 SF

RODEWAY INN - WINSTON SALEM, NC Lodging Partners is pleased to offer the fee simple interest in the sale of the 102-room Rodeway Inn in Winston Salem, NC. The Rodeway Inn is proximate to many of Winston Salem’s academic and athletic demand generators, including Wake Forest University, Winston Salem State University, and the Winston Salem Entertainment-Sports Complex. Although traditionally associated with the textile and tobacco industries, Winston Salem is transforming itself to be a leader in the nanotech, high-tech and biotech fields. Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center and Novant Health/Forsyth Medical Center are the largest employers in Winston Salem. Numerous other corporate demand generators lie within five miles of the Hotel, including the corporate headquarters of HanesBrands Inc., which employs over 2,500 people in Winston Salem, making it one of the most significant economic demand drivers in the area. The Rodeway Inn offers a 24-hour business center, guest laundry facilities, an outdoor seasonal swimming pool, and free coffee. All guest rooms have been fully renovated and are equipped with complimentary Wi-Fi, a 40-inch HDTV, a work desk, a refrigerator, and plush Sweet Dreams bedding. RECENTLY UPGRADED The Hotel has invested over $350,000 ($3,450/room) in interior and exterior renovations. These recent improvements include renovations to the lobby and all guestroom renovations include knockdown wall texture, carpet & draperies, bathroom floor tile, refinished bathtubs, and the installation of new furniture, 40" TV's, HVAC units, and microwaves & refrigerators. UPSIDE POTENTIAL This property offers significant upside potential with more hands-on management and direct sales efforts. The ideal buyer will be an owner-operator who focuses on sales and drives top-line revenue to increase the Hotel’s RevPAR index to market levels while revamping revenue management strategy and reducing unnecessary expenses to achieve a much stronger bottom-line flow-through. Currently 89 rooms of the 102 rooms at the Hotel are being rented, 4 rooms are used as Manager's Quarters and the remaining 9 rooms are not in service or used storage. In 2018, the Hotel's 89 rooms average approximately $11,3500 per room in revenue. There is upside revenue potential by adding 9 remaining additional rooms to inventory. FOR MORE INFORMATION: Click on the Direct Link below or go to the Property Listing at www.Loding-Partners.com PROPERTY TOURS Interested parties are encouraged to formally tour the property as a part of their evaluation and can be scheduled on MAY 16 & MAY 29. These tours should be arranged in advance through Lodging Partners. To schedule a tour, please contact Ford Barton at Lodging Partners at 704-341-8488.