« Quality Inn  | 1415 J.K Powell Boulevard  |  Whiteville,  North Carolina  | USA

Contact Information
Joce Messinger, Associate
669 Marina Drive Suite B4
Charleston, South Carolina
USA
P: 843-696-5623
W: http://www.paramountlodging.com/

Contact Joce Messinger

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Summary

INVESTMENT STRATEGY

  • Leverage position in market with approximately 70% of total room count in Columbus County
  • Recent remodel will assist in re-stabilization and returning the property performance to previous market highs 
  • Capitalize on transient construction business needed to complete I-74 Corridor
  • Improve expense structure through combined management of both properties (recently approved by Choice Hotels)
  • Sell property after five year hold for a projected 24% IRR at reversion

Paramount Lodging Advisors has been exclusively retained by current ownership with the solicitation of offers to purchase the leasehold interest in the 62-room Quality Inn located at 1415 J.K Powell Boulevard in Whiteville, North Carolina. The Quality Inn presents investors with the opportunity to acquire a high-quality, well maintained Quality Inn at an attractive, below replacement cost price. This Quality Inn property has been recently converted from a Holiday Inn Express and renovated in 2011.  

Financials

*note: Please Complete CA for details @ http://www.paramountlodging.com/listings/confidentiality/

Hotel Amenities
Fitness Facilities Available
Meeting Room Available
Breakfast Area Available
Guest Rooms
Single King 24
Double Queen 34
Suites 4
Guest Room Amenities
Climate Control Available
Television Available
Microwave Available
Refrigerator Available
Coffee Maker Available
Hair Dryer Available
Iron & Ironing board Available
Safe Available
Desk Available

Location & Market
No map. Address not provided.

Situated in the Southeast corner of North Carolina in Columbus County, Whiteville is located approximately 46 miles due west of Wilmington, NC and 100 miles south of the Raleigh, NC. Charleston, SC among America's busiest shipping terminals and most historical city, is a short drive south, with the attractions of Myrtle Beach, SC even closer.  

The population was 5,148 at the 2010 census. It is the only city of Columbus County and is the county seat.  Lake Waccamaw is less than 10 miles from Whiteville and drives tourism to the area with its many canoeing, camping and fishing attractions.

Whiteville is served by the Columbus County Municipal Airport and several highways, which include U.S. Route 74, U.S. Route 76, U.S. Route 701, North Carolina Highway 130, and North Carolina Highway 131.

Points of Interests
  • Lake Waccamaw
  • North Carolina Strawberry Festival
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