Overview
Hotel Brokers of America is pleased to exclusively present the opportunity to acquire this 166-room DoubleTree (“Property” or “Hotel”), prominently located in Rocky Mount, NC. The DoubleTree by Hilton Rocky Mount is conveniently located o US-64 and I-95, just minutes from downtown and Rocky Mount Mills, home to North Carolina’s largest craft beer incubator. Its positioned along the New York-to-Florida corridor and near routes to the Outer Banks makes it an ideal stop for travelers. Business guests benefit from close proximity to major corporations including CSX, Cummins, Pfizer, Crump Naturals, and UNC Healthcare. The hotel also o ffers easy access to top athletic venues such as the Rocky Mount Event Center, Rocky Mount Sports Complex, Nash County Sports Complex, and NC Wesleyan University.
Guests can enjoy thoughtful amenities designed for comfort, including complimentary Wi-Fi, free parking, an outdoor pool, a fitness center, and a well-stocked market. The experience begins with the hotel’s signature warm DoubleTree cookie, a hallmark of the welcoming service provided throughout each stay.
Investment Highlights
- Opportunity to acquire the asset at a discount to T-12 revenue, supported by strong historical performance averaging ~$4.7M–$4.9M annually
- Rocky Mount is investing $30M+ in public-private revitalization, driving increased business and weekend leisure demand.
- The Hotel offered with a 10-15 year license upon completion the PIP. The previous owners have already complete the Lobby and the Public space PIP which typically creates the most mess and disturbance, the Buyer will be required to complete the rooms PIP which is estimated at approximately $20,000 per room.
- Significant ADR upside post-PIP completion, with recent lobby and public-area renovations completed within the last 12 months.
- Motivated seller, offered unencumbered by management
- Assumable CMBS financing available with 30-35% down at 5.20% interest rate, improving cash flow and overall investment returns.
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