153 Unit Hotel/ Studios - Charlotte NC

Loyalty Inn, Charlotte, NC being offered for sale. The property now has 4 buildings with a total of 153 units on 4.85 acres. At this time 103 units have been approved for multi family studios. The exterior corridor property sits off I-85, is two story and was built in 1973. Multiple large 312+ SF rooms and suites, provide opportunity to add full kitchenettes. Amenities include a 250 SF meeting room, guest laundry room and outdoor pool. Most rooms have recently been updated with new LVP flooring, fresh paint, updated plumbing, new PTAC units and furniture. New exterior LED lighting and DVR camera system has been installed. Management is currently offering daily and weekly rates. High demand in the area promises continued opportunity for growth and profitability. Charlotte is one of the fastest-growing cities in the United States, with its strategic location on the East Coast, a hub for transportation and logistics. The city has a well-developed infrastructure, including major highways, railroads, and the Charlotte Douglas International Airport, one of the busiest airports in the country, just 4 miles from the property. It’s robust and diverse economy is driven by sectors such as finance, healthcare, energy, and technology. It is the second-largest banking center in the U.S., home to major financial institutions like Bank of America and Wells Fargo. Charlotte boasts a highly educated and skilled workforce, thanks in part to the presence of several universities and colleges, including the University of North Carolina at Charlotte.