Quality Inn Rockingham

Property listed by Bryan Johnson License number: NC 271733

Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings! Prospective buyers can view financial history including revenue, NOI, ADR, and Occupancy by clicking "Download OM" and signing a confidentiality agreement. This property is currently listed as unpriced. NO PRICING GUIDANCE IS AVAILABLE. Ownership will review and respond to all offers and ultimately select the offer with the best price and terms.

Colliers, as an exclusive representative of the seller, is pleased to present to qualified investors the Quality Inn Rockingham, located at 400 W Broad Avenue, Rockingham, NC 28379. The subject property is a 50-room two-story, exterior-corridor, limited-service asset located at the intersection of West Broad Avenue (8,000 vehicles per day), and N US Highway 220 (14,000 vehicles per day) with visibility to each. The property, built in 1997, sits on a 1.67-acre parcel and offered with fee simple interest, unencumbered by debt, and unencumbered by third-party management. The hotel is conveniently located in Southcentral North Carolina equidistance from Charlotte (64 miles), Greensboro (78 miles), and Raleigh-Durham (87 miles).

Current ownership has made significant efforts to renovate major parts of the hotel to include updated carpeting in 20 rooms in 2022, new platform beds in 2022, new bathroom vanities in 2022,, new paint in guest rooms in 2023, updated all rooms’ luxury vinyl tile flooring in 2023, and updated and installed RFID locks in 2023. The offering presents an opportunity for hands-on operators to enter a cash-flowing hotel with minimal expected change-in-ownership PIP, with additional upside to revenue and NOI through strategic marketing and sales efforts. A new owner can leverage the recent renovations at the hotel to continue to out-perform the STR defined-competitive set of Econo Lodge Cheraw, Days Inn Rockingham, Baymont Cheraw, SureStay Plus Southern Pines, Quality Inn Bennettsville, Quality Inn Cheraw, and Microtel Inn & Suites Southern Pines.

Rockingham is a city located in Richmond County, North Carolina, known for its rich history, vibrant culture, and diverse community. Situated in the southern part of the state, Rockingham has a blend of small-town charm and modern amenities. The city offers multiple demand generators with Fort Bragg, one of the largest military installations in the world, located about 60 miles away, attracting military personnel, and their visitors to stay at the property. Additionally, the city attracts racing enthusiasts and fans from across the country attending NASCAR events at Rockingham Speedway generating significant tourism traffic throughout the year.