Hotel-Motel
Microtel Inn by Wyndham Winston Salem
100 Capitol Lodging Ct, Winston-Salem, NC 27103
Listing Price: $7,000,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 98-unit Microtel Inn by Wyndham Winston Salem, located in North Carolina. The subject property is ideally located on 2.94-acres and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, guest-laundry facilities, free on-site parking and 24-hour front desk. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, desk with chair, and daily housekeeping.
Conveniently located close to several neighboring cities such as Greensboro and Charlotte, the hotel is near plenty of attractions including Wake Forest University, Winston-Salem State University, Salem College, Hanes Mall, and Bowman Gray Stadium. Winston-Salem is the county seat of Forsyth County, North Carolina. With a 2020 estimated population of 247,945 it is the second largest municipality in the Piedmont Triad region, the fifth most populous city in North Carolina, the third largest urban area in North Carolina, and the eighty-ninth most populous city in the United States. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company (makers of Texas Pete), Wells Fargo, Bank and Lowes Foods have established headquarters in Winston-Salem. Winston-Salem has seen a surge in growth and revitalization in the downtown area with hotels, restaurants, and apartments under construction.
Microtel Inn by Wyndham Winston Salem
Investment Highlights
- Fee simple interest in the 98-unit, Microtel Inn by Wyndham Winston Salem, located in Winston Salem, North Carolina
- Strategically located off I-40 | Walking distance to restaurants & retail
- Medical Centers | Norvant Health Forsyth Medical Center, Atrium Health Wake Forest Baptist Medical Center
- Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%
- Attractions | Old Salem Museums & Gardens, Benton Convention Center, Washington Park, Winston Salem Fairgrounds, Restaurants & Retail
- Colleges |Wake Forest University, Salem College, University of North Carolina School of the Arts, Forsyth Technical Community College, Winston-Salem State University
Listing Price: $7,000,000
Investment Highlights
- Fee simple interest in the 98-unit, Microtel Inn by Wyndham Winston Salem, located in Winston Salem, North Carolina
- Strategically located off I-40 | Walking distance to restaurants & retail
- Medical Centers | Norvant Health Forsyth Medical Center, Atrium Health Wake Forest Baptist Medical Center
- Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%
- Attractions | Old Salem Museums & Gardens, Benton Convention Center, Washington Park, Winston Salem Fairgrounds, Restaurants & Retail
- Colleges |Wake Forest University, Salem College, University of North Carolina School of the Arts, Forsyth Technical Community College, Winston-Salem State University
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 98-unit Microtel Inn by Wyndham Winston Salem, located in North Carolina. The subject property is ideally located on 2.94-acres and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, guest-laundry facilities, free on-site parking and 24-hour front desk. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, desk with chair, and daily housekeeping. Conveniently located close to several neighboring cities such as Greensboro and Charlotte, the hotel is near plenty of attractions including Wake Forest University, Winston-Salem State University, Salem College, Hanes Mall, and Bowman Gray Stadium. Winston-Salem is the county seat of Forsyth County, North Carolina. With a 2020 estimated population of 247,945 it is the second largest municipality in the Piedmont Triad region, the fifth most populous city in North Carolina, the third largest urban area in North Carolina, and the eighty-ninth most populous city in the United States. Major corporations including Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company (makers of Texas Pete), Wells Fargo, Bank and Lowes Foods have established headquarters in Winston-Salem. Winston-Salem has seen a surge in growth and revitalization in the downtown area with hotels, restaurants, and apartments under construction.
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