PROPERTY OVERVIEW
EXCELLENT LOCATION WITHIN A DYNAMIC MARKET
The Hampton by Hilton Inn Charlotte-Gastonia is a 108-key hotel located in the heart of Gastonia’s commercial district and only 15 minutes from the Charlotte-Douglas International Airport which sees more than 48 million passengers each year. The hotel is also within close proximity to the Schiele Museum, Daniel Stowe Botanical Gardens, Billy Graham National Library, NASCAR Hall of Fame, and uptown Charlotte.
STRONG PERFORMANCE WITH ADDITIONAL UPSIDE UPON RENOVATION
The Hampton by Hilton Inn Charlotte-Gastonia has demonstrated strong performance, boasting a RevPAR of $87.76 and an ADR of $127.90 for the Trailing Twelve Month (“TTM”) period ending November 2023. Significant upside remains upon completion of a change-of-ownership PIP. The improved product offering combined with continued market growth expectations will result in RevPAR and NOI levels well exceeding in-place metrics.
OFFERED BELOW REPLACEMENT COST IN HIGH GROWTH MARKET
The Hampton by Hilton Inn Charlotte-Gastonia is being offered at a discount to replacement cost with construction costs at an all-time high. According to the 2023 HVS U.S. Hotel Development Cost Survey, constructing a limited-service hotel similar to a Hampton Inn is projected to average around $195 per key nationwide. This opportunity allows for the acquisition of a Hampton Inn property significantly below its estimated replacement value.
INSTITUTIONAL HILTON BRANDED ASSET
Hampton by Hilton is the industry’s leading upper mid-scale brand, and for the 14th year in a row, Hampton by Hilton was named the No.1 hotel franchise and ranked No.9 overall on the annual list of the world’s top franchises by Entrepreneur Magazine. Every Hampton Inn and Hampton Inn & Suites is committed to the Hampton Guarantee, providing an exceptional guest experience and consistent, high-quality accommodations and amenities. All Hilton properties are backed by the Hilton Honors reward program, which boasts over 128 million members across 18 brands and more than 6,500 hotels worldwide.
1859 Remount Rd, Gastonia, NC 28054