101 Plaza Pky | Lexington, NC 27292
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101 Plaza Pky
Lexington, NC 27292
Quality Inn & Suites Lexington · Hospitality Property For Sale · 31,171 SF
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 1997 built,61-Key, Limited-Service, Interior Corridor, Three-Story Hotel
- Conveniently located 26 minutes (21.3 miles) from Winston Salem & 36 minutes (35.5 miles) from Greensboro
- Expected to Trade with a New 20-Year Franchise Agreement with Quality Inn & Suites, Subject to a Minimal Property Improvement Plan
- Located on 1.45-acre parcel, with frontage on Interstate-85
- Recent renovated in 2023 | Ownership invested +/- $350K in new flooring, lobby, kitchen, platform beds, mattresses, rubber roof
- ADR Penetration Index of 81.9% (2023) | Upside for Owner-Operator who can enact aggressive Sales & Rate Management Strategy
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2006 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.45 AC | Parking Ratio | 1.92/1,000 SF |
| Building Size | 31,171 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 31,171 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2006 |
| Tenancy | Single |
| Parking Ratio | 1.92/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 11-347-0-000-0047-A-0-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,941,900 |
PROPERTY TAXES
Parcel Number
11-347-0-000-0047-A-0-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,941,900
ZONING
| Zoning Code | B (Business) |
| B (Business) |
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