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Holiday Inn Express & Suites Salisbury – Image Credit JLL
JLL’s Hotels & Hospitality Group is offering for sale a flexible hotel portfolio in Salisbury, NC, unencumbered of debt and management. The portfolio includes a 90-room Holiday Inn Express & Suites and a 94-key Courtyard Salisbury, with the potential for a new owner/operator to implement strategic cost control initiatives and aggressive revenue management strategies.
JLL’s Hotels & Hospitality Group, acting as the exclusive agent for the owner, has announced the sale of a hotel portfolio in Salisbury, North Carolina. The portfolio includes the 90-room Holiday Inn Express & Suites Salisbury and the 94-key Courtyard Salisbury. These properties can be acquired either as a group or individually.
Prime Location
The hotels are ideally situated off I-85 and Highway 52, the primary route between Charlotte and Greensboro/Winston-Salem. This location provides excellent visibility and interstate frontage, making these properties an attractive acquisition for potential buyers.
Flexible Acquisition and Management Opportunities
The hotels are offered free of debt and management, creating an opportunity for a new owner/operator to implement their operational strategies. These may include strategic cost control initiatives and aggressive revenue management strategies to boost top and bottom-line performance. This would potentially increase overall returns for investors at a discount to replacement cost.
Premium Brand Affiliations
The Hotels are affiliated with Marriott and IHG, two of the world’s largest reservation systems and guest loyalty programs. This affiliation offers potential investors a significant advantage, as it provides a steady stream of reservations and loyal customers.
Investment Highlights
The sale of this hotel portfolio has several notable investment highlights. First, the flexible portfolio offering allows an interested party to acquire the properties either as a portfolio or individually. Second, the premium branding affiliation with Marriott and IHG is a major hotel advantage. Third, the properties are unencumbered by management and debt, offering managerial flexibility to a new owner. Lastly, the hotels’ exceptional location along I-85, halfway between Charlotte and Winston-Salem, provides excellent visibility and accessibility.
Inquire at JLL.
