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3704 Mt Moriah RdDurham, NC 27707
Staybridge Suites Durham-Chapel Hill-RTP
Asset ClassHotel & Hospitality
overview of deal

Overview

HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 99-room Staybridge Suites Durham – Chapel Hill RTP (“Hotel” or “Property”), situated at 3704 Mt Moriah Rd, Durham, NC 27707.

 

The Staybridge Suites Durham-Chapel Hill-RTP presents a compelling investment opportunity in the heart of North Carolina’s Research Triangle area. This all-suite, extended-stay hotel is strategically situated off Interstate 40, providing convenient access to major employers, educational institutions, and medical centers. Located within five miles of both Duke and UNC Chapel Hill, the Hotel benefits from steady business tied to academics, campus events, research activity, and two nationally recognized medical centers—Duke University Medical Center and UNC Hospitals.

 

Additionally, the Hotel is proximate to Research Triangle Park (RTP), the largest research park in the U.S., home to hundreds of technologies, life science, and Fortune 500 companies, employing over 60,000 people and generating consistent business demand throughout the year. RTP generates approximately $25.1 billion in annual economic output, accounting for roughly 4.1% of North Carolina’s total GDP as of 2023, and the broader Triangle area ranks among the fastest growing U.S. metros, with sustained 3%+ GDP growth.

 

As part of the IHG portfolio, the Staybridge Suites brand offers strong recognition and access to a broad base of loyalty customers to attract long-term stays and deliver stable cash flows with long-term upside. Extended stay hotels offer a lower-risk investment profile, driven by operational efficiencies, consistently strong occupancy levels, and reliable revenue performance. In 2024, the extended-stay sector led all other lodging segments in both supply and demand growth, according to CoStar. The U.S. extended-stay market is projected to expand from $22.8 billion in 2024 to $37.3 billion by 2030, reflecting strong and sustained expansion.

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3704 Mt Moriah RdDurham, NC 27707

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