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2600 US 74 Hwy
Forest City, NC 28043

Days Inn & Suites Forest City · Hospitality Property For Sale · 21,000 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.43 AC
Building Size 21,000 SF
No. Stories 2
Year Built/Renovated 1987/2018
Parking Ratio 4.95/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi

About 2600 US 74 Hwy , Forest City, NC 28043

Lodging Partners, in association with Ten-X, is pleased to offer for sale the 61-room Days Inn & Suites by Wyndham hotel located on US-74 in Forest City, NC. Forest City is ideally situated between Asheville and Charlotte and offers easy access along the highly trafficked corridor of US-74. The Hotel is conveniently located near many major companies and numerous local attractions. Facebook has recently built two enormous Data Centers to power its growing Internet infrastructure in Forest City, approximately 3.5 miles from the Hotel. The two-story structures each span more than 300,000 SF, and the company is investing over $450 million in this facility, outfitting it with the latest hardware and design innovations. Other demand generators in the area include the Tryon International Equestrian Center, Packaging Corporation of America, Rutherford Regional Medical Center and nearby textile companies like 3TEX, National Textiles, and Tanner Companies. The Hotel’s location is near other major businesses, including Duke Energy, First Choice Armor and Eaton Corporation. For the leisure traveler, the Hotel is just minutes from historic downtown Forest City with quaint boutiques, antique shops, and restaurants. The Hotel is approximately 25 miles from Chimney Rock State Park, a place with over 100 years of history as a tourist attraction with fantastic views of Lake Lure. The Property has guest amenities including complimentary continental breakfast, a business center, fitness center, a 475-SF meeting room, bus & truck parking, and a seasonal outdoor pool. Guestrooms feature free high-speed Internet access, coffee makers, mini-refrigerators, microwaves, irons, and ironing boards, and flat-screen HDTVs. The hotel is well-maintained and in good condition, and recently completed a major renovation. UPSIDE POTENTIAL This property offers significant upside potential with more hands-on management and direct sales efforts. The ideal buyer will be an owner-operator who focuses on sales and drives top-line revenue to increase the Hotel’s RevPAR index to market levels while revamping revenue management strategy and reducing unnecessary expenses to achieve a much stronger bottom-line flow-through.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1636653
Land Assessment
$335,800
Improvements Assessment
$1,304,500
Total Assessment
$1,640,300

zoning

Zoning Code C3
C3
  • Listing ID: 14234526

  • Date on Market: 10/30/2018

  • Last Updated:

  • Address: 2600 US 74 Hwy, Forest City, NC 28043

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